The emergence of Bitcoin treasury companies has accelerated, with over 100 firms now holding Bitcoin to boost their stock prices. This trend was inspired by MicroStrategy's 2,900% stock surge, prompting other companies to pursue similar strategies, often involving leverage and increased risk. Standard Chartered has issued warnings about the vulnerabilities these companies face, noting that a drop in Bitcoin's price below $90,000 could lead to widespread liquidations. Metaplanet has announced plans to issue moving-strike warrants, aiming to raise approximately $5.4 billion to purchase around 91,000 Bitcoin over the next 18 months, highlighting the rapid expansion of the Bitcoin treasury cycle. While some executives may profit as stock prices soar, concerns remain about the sustainability and potential risks of these aggressive strategies in a volatile market.