Bitcoin Treasury Holders Ride Out Market Storm

Between October 2025 and mid-2026, Bitcoin's price plummeted by 54%, dropping from over $126,000 to around $58,000. Despite this drastic decline, major corporate Bitcoin treasury holders, including Strategy (formerly MicroStrategy), were not forced to liquidate their holdings due to margin calls.

This is because these firms maintained strong cash reserves and long-term debt structures, allowing them to withstand the downturn without selling their Bitcoin under pressure.

In contrast, smaller companies faced more stress and some sold assets voluntarily during this period.