According to the source, Bitcoin Treasuries data shows MicroStrategy is the largest corporate BTC holder and its treasury exceeds the combined BTC held by other public-company treasuries tracked on the site (source: Bitcoin Treasuries). This comparison refers specifically to the Public Companies category and excludes ETFs and government wallets per the site’s methodology (source: Bitcoin Treasuries). For traders, concentrated holdings heighten event risk around MicroStrategy disclosures and wallet activity; monitor SEC 8-K filings and MicroStrategy investor relations updates for potential buy/sell signals (sources: U.S. SEC filings, MicroStrategy investor relations). On-chain address movements attributed to MicroStrategy are tracked by third-party datasets including Bitcoin Treasuries and company disclosures, which can impact BTC order books when detected (sources: Bitcoin Treasuries, MicroStrategy investor relations).