Strategy’s $78B Bitcoin nears Amazon’s 2nd-largest corporate treasury

Strategy’s $78 billion stash of Bitcoin is close to the cash positions held by Amazon, Google and Microsoft, which rejected Bitcoin as a potential treasury asset last year.

Strategy’s near $80 billion Bitcoin treasury is catching up to the massive cash positions of tech giants such as Microsoft, whose shareholders rejected a proposal in December to explore adding Bitcoin to its books.

Strategy posted to X on Tuesday that its 640,031 Bitcoin (BTC) stash briefly topped $80 billion in value on Monday as Bitcoin hit a record high of $126,080, boosting the value of its corporate treasury close to Amazon, Google, and Microsoft, which each hold between $97 billion and $95 billion in cash or cash equivalents. 

Strategy’s routine Bitcoin buys, combined with Bitcoin’s rise in value, have already pushed it past the value of Nvidia, Apple, and Meta’s treasuries — the latter of which considered a proposal to explore making Bitcoin a treasury asset before overwhelmingly voting against it in June.

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