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Microstrategy's bitcoins are worth more than the cash holdings of IBM and Nike
With the price of Bitcoin (BTC) reaching a record high of nearly $93,500, MicroStrategy's Bitcoin reserves have reached $26 billion, more than the cash holdings of major corporations such as IBM, Nike, and Johnson & Johnson. & Johnson) is more. The company's founder and chairman, Michael Seiler, started investing in Bitcoin in 2020 as a hedge against inflation, and plans to grow this investment to $42 billion over the next three years. The company's stock has grown more than 2,500 percent since then.

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