BTC is a POTENTIAL not an actual STORE OF VALUE (yet).
The ability to adjust to inflation, is a critical quality of a STORE OF VALUE by which its value appreciates at a close or higher rates than the inflation rate.
BTC has more than outpaced inflation rates, although mainly because of speculative capital influx.
More than 235 companies across the world have issued corporate bonds to raise capital specifically for building their own $BTC treasuries. The aggregate corporate debt totals 12.7B USD (massive), with Strategy™ accounting for 8.2B USD.
Regardless of BTC true potential, this kind of capital influx discounts years of organic growth and poses an almost imminent risk of ruin to holders buying at present and in the near future.
All these institutions claim, their plan is to hedge against inflation, which would be credible if they were not purchasing on credit (resulting in massive liabilities).
They are not investing in BTC as a hedge, what most want is to win the same lottery a Strategy did before, on premises that are being cancelled by their own actions.
Coincidental purchases (all corporations buying at the same time) inevitably inflates the price, and in a bubble like fashion the market is increasigly vulnerable to a potential correction.
Assuming they are not under the influence but had compelling reasons, Institutions in the US and elsewhere should be concerned about giving BTC a real commodity status before assuming their investment would be exempt from a violent correction.
If BTC experience the same high volatility of previous years, 20-40% unrealized losses, will put many corporations in risk of default if debt repayments must be met by forcefully liquidating assets at a loss, which might trigger a disastrous domino effect that might cause the collapse the crypto industry as a whole.