$91095.51 USD　

0.61%

ethereum

$3153.81 USD　

1.25%

tether

$1.00 USD　

0.05%

solana

$240.09 USD　

1.01%

bnb

$619.09 USD　

-0.89%

xrp

$1.12 USD　

1.23%

dogecoin

$0.374279 USD　

1.04%

usd-coin

$0.999970 USD　

-0.01%

cardano

$0.739014 USD　

0.74%

tron

$0.203155 USD　

0.27%

shiba-inu

$0.000025 USD　

-0.36%

toncoin

$5.65 USD　

3.62%

avalanche

$35.05 USD　

-0.50%

sui

$3.71 USD　

-3.87%

chainlink

$15.08 USD　

5.89%

Cryptocurrency News Articles

MicroStrategy's $26B #Bitcoin Cache Is Larger Than IBM, Nike Cash Holdings

Nov 19, 2024 at 06:00 am

Saylor, MicroStrategy's co-founder and chairman, started to invest in Bitcoin in 2020 as an inflation hedge.

MicroStrategy (NASDAQ:MSTR) is now sitting on a stash of Bitcoin that is larger than the cash holdings of Nike (NYSE:NKE) and International Business Machines (NYSE:IBM).

According to data compiled by Bloomberg, MicroStrategy’s BTC warchest is now valued at $26 billion, outpacing the cash holdings of the two blue-chip companies. Only a select few companies, including Apple (NASDAQ:AAPL) and Alphabet (NASDAQ:GOOGL), have more cash on hand.

This milestone marks a significant achievement for MicroStrategy, which has adopted an aggressive Bitcoin-focused strategy under the leadership of Michael Saylor.

At the same time, it also highlights the crypto industry’s rapid growth and mainstream adoption over the past few years.

News source：bitcoinist.com

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Other articles published on Nov 19, 2024