PANews reported on December 12 that according to DL News, MicroStrategy has accumulated 423,600 bitcoins through convertible bonds and stock financing, worth about $42 billion, accounting for 2% of the total supply of Bitcoin. This strategy has caused its stock price to rise 30 times since August 2020, attracting other companies to follow suit. According to BitcoinTreasuries data, about 144 companies hold Bitcoin on their balance sheets.

Imitators include bitcoin mining companies Marathon Digital, Riot Platforms, Core Scientific, Terawulf and Bitdeer, which purchased bitcoin through similar convertible bond financing; Japan's Metaplanet plans to hold 10,000 bitcoins by 2025; medical technology company Semler Scientific recently increased its holdings by 303 bitcoins, bringing its total holdings to 1,873. In addition, Coinbase, as a custodian, holds more than 11% of the total supply of bitcoins, including bitcoins held by MicroStrategy. Tesla and Hong Kong game company Boyaa also participated in the wave of hoarding bitcoins. Tesla holds $1.5 billion in bitcoins and Boyaa holds 3,183 bitcoins, worth $310 million.