HODLing Strong: Strategy, Metaplanet & Others Lock in Billions in Bitcoin Gains — Zero Sell Pressure

Bitcoin's bull run has turned corporate treasuries into goldmines—and nobody's cashing out.

The Diamond-Hand Club

While Wall Street panics over quarterly earnings, these firms are sitting on unrealized gains that dwarf most hedge fund returns. No stop-loss orders here—just cold, unshakable conviction.

Why Sell When You Can Stack?

Metaplanet's BTC stash alone could bankroll a small nation's CBDC experiment (not that they'd waste it on that). Meanwhile, Strategy's crypto reserves now outweigh their traditional assets—because 10x gains tend to shift priorities.

The Ultimate Flex

In a world where CFOs worship EBITDA, these balance sheets scream 'game theory > GAAP.' The message to shareholders? 'We’ll sell when your fiat stops inflating.'

*Bonus jab:* Meanwhile, Goldman Sachs just spent $50M rebranding their crypto desk... again.*

Other corporate bitcoin holders are also seeing their balances swell. Japanese firm Metaplanet (3350), which began aggressively accumulating BTC in 2024, now owns 15,555 coins worth roughly $1.83 billion. That translates to an unrealized profit of $284 million.

Meanwhile, El Salvador, the first nation to adopt bitcoin as legal tender, holds 6,234 BTC worth nearly $733 million at current prices. Its bitcoin bet has turned into a $232 million paper gain, a significant reversal from the losses it faced during the 2022 bear market.

Smaller firms are riding the rally too. Semler Scientific (SMLR), which followed Strategy’s treasury strategy last year, owns 4,636 BTC and sits on $160 million in unrealized gains. France’s Blockchain Group (ALTBG) holds 900 BTC, and still has $30.5 million in gains on paper.

While these companies could lock in massive profits by selling, most haven’t budged. In the bitcoin community, many of these holders are known as “maxis” — short for maximalists — who believe in holding the asset indefinitely. Some may take profits over time, but others, like Saylor, have stated publicly they plan to hold forever.