MicroStrategy’s Bitcoin Pile Dwarfs Most S&P 500 Cash Holdings

From bnnbloomberg.ca

MicroStrategy Inc.’s Bitcoin holdings dwarf the traditional corporate treasuries of most members of the S&P 500 Index after its latest purchase swelled the value of the digital assets in its coffers to over $5 billion. The enterprise software provider, which made Bitcoin purchases an official corporate strategy a year ago, announced Monday that it bought an additional 5,050 Bitcoins for about $242.9 million, raising the value of its 114,042 coin hoard to about $5.3 billion. That’s more than the amount of cash currently held by 80% of the non-financial companies in the S&P 500, including such bellwethers as ... (full story)