MicroStrategy, a pioneer in business intelligence, boasts a reserve of approximately $26 billion worth of Bitcoins, surpassing cash reserves of major corporations
Key Points:
MicroStrategy, a business intelligence company, now holds about $26 billion in Bitcoins, which is more than the cash reserves of IBM and Nike.
The company began buying Bitcoin in 2020 to protect itself from inflation, and the value of its holdings has gone up a lot since then.
MicroStrategy is now the second-largest corporate holder of Bitcoin in the United States, behind only Apple and Alphabet.
The company's stock price has gone up a lot since it started buying Bitcoin, and its performance has been better than the broader market.
MicroStrategy plans to spend an additional $42 billion on Bitcoin over the next three years to increase its cryptocurrency holdings.
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