Summary
- It was reported that MicroStrategy holds $6.5 billion worth of Bitcoin, ranking 11th among U.S. companies for cash and cash equivalents.
- This amount is said to be similar to NVIDIA's cash-equivalent holdings.
- MicroStrategy is also said to have achieved positive results from issuing preferred stock for buying more Bitcoin.
It was revealed that MicroStrategy, a global Bitcoin (BTC) holding company, possesses cash equivalents at a level similar to NVIDIA.
According to CoinDesk on the 8th (local time), MicroStrategy holds Bitcoin worth $6.5 billion and ranks 11th among U.S. companies in terms of cash and cash equivalents. This amount is on par with NVIDIA, which holds around $6.6 billion in cash equivalents.
The media outlet stated, "MicroStrategy owns assets at a level similar to those of leading cash-holding companies," and added, "Positive outcomes are also being achieved from preferred stock issuances aimed at additional Bitcoin purchases."
Meanwhile, the top spot went to Berkshire Hathaway, which holds cash assets worth $410 billion.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
