Publicly traded companies have amassed over 1.12 million Bitcoin, valued at more than $101 billion, despite recent price declines. This accumulation represents 5.5% of their market cap, with most holdings concentrated in the United States, Canada, the UK, and Japan. Michael Saylor's Strategy leads with 709,715 BTC, while other major holders include MARA Holdings and Coinbase. American ETF providers and private companies also hold significant Bitcoin reserves. BlackRock's IBIT leads with $69 billion in Bitcoin, followed by Fidelity and Grayscale. Private firms like Block and Tether hold substantial amounts, with Block owning 164,000 BTC. Governments and DeFi protocols also maintain significant holdings. Despite the accumulation, Bitcoin treasury stocks like MSTR have faced challenges, with shares dropping significantly due to Bitcoin's price fall from $126,300 to $90,000. Short selling has increased, but historically, Bitcoin has rebounded from bear markets, suggesting potential recovery for these stocks.