Strategy's Bitcoin treasury has surged to nearly $80 billion, closely approaching the cash reserves of tech giants like Amazon, Google, and Microsoft, which hold between $95 billion and $97 billion. This milestone was reached as Bitcoin hit a record high of $126,080, significantly boosting Strategy's 640,031 BTC holdings. Despite Microsoft and Meta rejecting proposals to add Bitcoin to their treasuries, Strategy's consistent Bitcoin acquisitions have already surpassed the treasury values of Nvidia, Apple, and Meta.
The rise in Bitcoin's value has led to increased corporate adoption, with over 200 public companies now holding Bitcoin, up from fewer than 100 earlier this year. Strategy's Bitcoin purchases, made at an average price of $73,981, have resulted in a 65% gain, equating to a $30.4 billion profit. Meanwhile, Tesla remains the only other company in the top 10 largest corporate treasuries with Bitcoin holdings, albeit significantly smaller than Strategy's.
Strategy's Bitcoin Holdings Near $80 Billion, Approaching Major Tech Giants' Treasuries
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