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28 September 2021

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

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


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The value of MicroStrategy’s massive Bitcoin (BTC) holdings has surpassed what most S&P 500 companies hold in their cash treasuries.

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.

Companies like Tesla and Square later copied the strategy to replace a portion of cash reserves with Bitcoin.

Overall, the declining cash holding trend shows that publicly traded companies have become more comfortable with spending their money, led by expectations that the COVID-19 pandemic is almost over.

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