Cryptocurrencies
MicroStrategy’s $26 Billion Bitcoin Cache Is Larger Than IBM, Nike Cash Holdings
- Only about a dozen S&P 500 members hold more financial assets
- It is the best performing major US stock since buying began
Michael Saylor
Photographer: Liam Kennedy/BloombergThis article is for subscribers only.
Michael Saylor’s unorthodox decision to hold Bitcoin instead of cash on MicroStrategy Inc.’s books has vaulted the once obscure software maker into the upper echelon of the wealthiest corporations when it comes to financial assets.
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