MicroStrategy’s Bitcoin bet pays off big: $26bn cache is larger than IBM, Nike cash holdings

Michael Saylor's bold move to convert MicroStrategy's treasury into Bitcoin has catapulted the company into the top tier of global corporate asset holders. With $26 billion in Bitcoin, the firm has outperformed major players like IBM and Nike. Despite scepticism, investors embrace MicroStrategy as a leveraged way to ride Bitcoin's rally. Shares soared 2,500% since 2020, with no endgame in sight for this audacious strategy aimed at maximizing shareholder value.

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By Monique Mulima ___STEADY_PAYWALL___