🎯 Strategy Company ranks ninth among S&P 500 companies in Bitcoin holdings
Strategy Company (formerly known as MicroStrategy) announced through its official account on platform X that its Bitcoin holdings have placed it ninth among companies in the S&P 500 index, ahead of major companies like Nvidia and PayPal.
The company currently owns about 471,000 Bitcoins, making it one of the largest institutional holders of the digital currency in the world. This massive holding surpasses that of giant technology companies that do not actually hold any significant amounts of Bitcoin.
The strategic shift that Strategy has made from a software company to a massive investment entity accumulating Bitcoin reflects a bold direction in the crypto world and enhances Bitcoin's status as a store of value.
This move puts pressure on major companies to keep up with the new digital trend and increases the correlation of Strategy's performance with the cryptocurrency market.
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