MicroStrategy’s Bitcoin treasury exceeds cash held by 80% of S&P 500 non-finan...

MicroStrategy’s Bitcoin treasury exceeds cash held by 80% of S&P 500 non-finan...

The Nasdaq-listed company recently announced it added another 5,050 Bitcoin to its coffers for about $242.9 million. The value of MicroStrategy’s massive Bitcoin (BTC) holdings has surpassed what most S&P 500 companies hold in their cash treasuries.The Nasdaq-listed enterprise software firm purchased an additional 5,050 Bitcoin for about $242.9 million, raising the value of its 114,042 BTC holdings to nearly $5.3 billion. That comes out to be higher than what 80% of non-financial S&P 500 companies hold in their cash coffers, as per data compiled by Bloomberg.Cash spending up among....


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