๐จ Strategy Company ranks ninth among S&P 500 treasury holdings thanks to its massive Bitcoin holdings!
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๐ Holding Details:
โ Strategy owns an estimated $71B of Bitcoin
โ It is now ranked ninth among S&P 500 companies in terms of reserve asset value
โ It has surpassed major companies like NVIDIA, PayPal, and ExxonMobil
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๐ฆ Additional Notes:
โ The holding is equivalent to over 1.2 million BTC at the current average price
โ The company follows a long-term accumulation strategy similar to MicroStrategy
โ It is expected to announce further expansion in digital assets in the upcoming quarter
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๐ก Why does it matter?
โ It enhances Bitcoin's legitimacy as an institutional treasury asset
โ It paves the way for other companies to adopt cryptocurrencies within their balance sheets
โ It demonstrates a radical shift in how major companies manage their assets
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โDo you think companies like Apple and Amazon will enter the Bitcoin treasury race soon?
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