MicroStrategy’s $71B treasury tops Apple, Tesla as stock slides 26%

Core Insights - Michael Saylor's company, now known as Strategy Inc, holds more Bitcoin than the cash reserves of several major tech companies, with 638,460 BTC valued at approximately $71 billion [1][2]. Holdings and Financials - Strategy Inc's Bitcoin holdings have reached 638,460 BTC, making it the fifth largest corporate treasury globally, surpassing Nvidia ($57 billion), Apple ($55 billion), Meta ($47 billion), and Tesla ($37 billion) [2]. - The company recently purchased an additional 1,955 Bitcoin for $217 million, raising its average cost basis to $73,880 per Bitcoin [3]. Performance and Market Position - Over the past three years, Bitcoin has provided Strategy Inc with a return of 1,308%, while its stock has decreased by 26% since July, currently trading at $330.30 [4]. - Despite meeting the technical requirements, Strategy Inc was not included in the S&P 500 index, with the slot going to Robinhood, indicating concerns about the company's all-Bitcoin treasury [4][6].