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Institutional · Active · Since Aug 2020

Bitcoin Treasury Strategy

Corporations adopting Bitcoin as a treasury reserve asset

Editorial profile · last revised April 30, 2026

Overview

The Bitcoin Treasury Strategy narrative tracks the corporate adoption of Bitcoin as a balance sheet reserve asset. Pioneered by Michael Saylor's MicroStrategy (now Strategy), this approach has been adopted by companies across sectors and geographies. The narrative gained new momentum in 2025 with GameStop, Semler Scientific, and Japanese company Metaplanet joining the trend. Perception tracks treasury announcements, accumulation patterns, and the media's evolving perception of this strategy, from "reckless speculation" to "legitimate corporate finance."

Key events

  1. MicroStrategy First Purchase (Aug 2020)

  2. GameStop BTC Buy

  3. Metaplanet Asia Strategy

Key companies

  • Strategy
  • MicroStrategy
  • Metaplanet
  • Tesla
  • GameStop
  • Semler Scientific

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