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 $71 billion. This puts the company fifth among the world’s largest corporate treasuries, above Nvidia ($57B), Apple ($55B), Meta ($47B) and Tesla ($37B). Only Microsoft, Google, Amazon and Berkshire Hathaway sit higher on t ...