Microstrategy's Bitcoin Pile Dwarfs Most S&P 500 Cash Holdings.

MicroStrategy Inc., an enterprise software provider, has amassed over $5 billion worth of Bitcoin, surpassing the cash holdings of most companies in the S&P 500 Index. The company recently purchased an additional 5,050 Bitcoins for approximately $242.9 million, bringing its total Bitcoin holdings to 114,042 coins. This amount exceeds the cash holdings of 80% of non-financial companies in the S&P 500. MicroStrategy's stock has seen significant gains, rising over 300% in the past year, in line with the increase in Bitcoin's value. [Extracted from the article]