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MicroStrategy’s $71B treasury tops Apple, Tesla as stock slides 26%

Key takeaway: Michael Saylor’s company, formerly known as MicroStrategy, now holds more Bitcoin than the cash reserves of several of the world’s largest tech giants. What happened Strategy Inc disclosed in a Sept. 8 filing that its Bitcoin holdings have reached 638,460 BTC, worth about 71billion.Thisputsthecompanyfifthamongtheworldslargestcorporatetreasuries,aboveNvidia(71 billion. This puts the company fifth among the world’s largest corporate treasuries, above Nvidia (57B), Apple (55B),Meta(55B), Meta (47B) and Tesla ($37B). Only Microsoft, Google, Amazon and Berkshire Hathaway sit higher on t ...