Only about a dozen companies, led by Apple and Alphabet, hold more assets in their corporate treasuries.
Michael Saylor’s unorthodox decision to hold Bitcoin instead of cash on MicroStrategy’s books has vaulted the once obscure software maker into the upper echelon of the wealthiest corporations when it comes to financial assets.
The Tysons Corner, Virginia-based firm’s approximately US$26 billion ($34.94 billion) Bitcoin cache is larger than the cash and marketable securities of global market leaders such as International Business Machines (IBM), Nike and Johnson & Johnson, according to data compiled by Bloomberg.
