...they would have enough cash on hand to buy up all there shares.
And that is the point. My late father and I did a little investing a day or so after the October 1987 crash. There were plenty of companies whose cash in bank was greater than the value of the companies on Tuesday morning. And they had other assets - liabilities in the billions.
There were real assets behind those companies.
And that is why some .com companies zoom up in value and then zoom down to zero. There is only potential income and no assets.
The bad news is what is behind the money you have in the bank is the same thing that is behind bitcoin. The intrinsic value of bitcoin and the US dollar are the same. More bad news is when the government wants to confiscate your wealth all they have to do is print more money, and they do this all the time.