Strategy’s $71B in Bitcoin Now Ranks Among Top 10 S&P 500 Treasuries

Seems like Strategy has officially broken into the top 10 S&P 500 corporate treasuries with its massive $71 billion in Bitcoin holdings—ranking 9th overall and leapfrogging major firms like Exxon, NVIDIA, and PayPal.

The update, visualized in a chart shared by Cointelegraph, compares Strategy’s Bitcoin treasury directly against the cash reserves of the biggest U.S. companies as of July 18, 2025.

While traditional corporate treasuries are still dominated by cash and equivalents, Strategy stands out as the only firm in the top 10 whose reserve is entirely held in Bitcoin. This places it just behind General Motors ($89B) and Meta ($95B), and well ahead of Exxon ($67B), NVIDIA ($66B), and PayPal ($56B). CVS rounds out the list with $48B in cash.

A Bitcoin-Only Treasury Approach

Topping the treasury leaderboard is Warren Buffett’s Berkshire Hathaway with a staggering $410 billion in cash, followed by Amazon ($157B), Google ($148B), Microsoft ($132B), and Apple ($131B). These giants continue to hold conservative liquid assets, but Strategy’s contrarian move into Bitcoin has not gone unnoticed.

The chart also highlights the diversification Strategy brings to the S&P 500 financial structure. With no short-term receivables or fiat cash equivalents reported, the company’s entire liquidity strategy is built around Bitcoin—a bold signal of long-term conviction in the asset’s future performance and value preservation qualities.

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Institutional Crypto Adoption Gains Momentum

Strategy’s position reflects more than just aggressive crypto accumulation—it represents a strategic realignment of treasury philosophy. By converting large portions of capital into Bitcoin rather than traditional instruments, the firm aims to hedge against inflation and fiat depreciation while positioning itself as a Bitcoin-first enterprise.

The milestone also reinforces the growing institutional embrace of Bitcoin in 2025. As digital assets gain broader recognition, more firms may follow Strategy’s example—diversifying their balance sheets and gaining exposure to decentralized, scarce assets with asymmetric upside potential. Whether this approach will inspire imitators or remain a bold outlier remains to be seen, but for now, Strategy has secured its place among America’s biggest treasuries—with Bitcoin at the core.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.