I wonder if these companies are considering that this move may make them attractive targets for asset stripping in the future?
Bitcoin price goes up 20x... now most of the companies value is the bitcoin but their profits haven't increased... take over the company just to strip it of the bitcoin.
Reducing the incentive to asset strip is one of the reasons public companies often prefer to return funds to investors ASAP and finance operations via debt.
This is also true. There might be a time that these companies see a huge price increase in bitcoin overnight, overshadowing their profits for the whole year by just the gains of their bitcoin alone tenfold, and would rely solely on bitcoin gains rather than the profits that they gain from their company's independent operation. Companies that have other money-making capabilities and not just rely solely on a single front might survive the asset stripping rage, though of course those companies are yet to acquire bitcoin for their funds or savings since most still believe that bitcoin is nothing but an overhyped novel investment asset.