Strategy Outperforms Nvidia With Corporate Treasury Reserve

Michael Saylor-led Strategy has outranked Nvidia (NASDAQ: NVDA) to join the list of “Top 10 Largest U.S. Corporate Treasuries.” Specifically, the business intelligence software firm is occupying the 9th position on this list. Major Milestone For Strategy Previously known as Strategy, the company has intentionally worked its way up the ladder of success. S&P 500 companies are generally recognized for having the largest corporate treasuries. Moreover, Nvidia is believed to be the most valuable company in the world, with a market cap of $4.2 trillion. Therefore, overtaking NVDA is no small feat, and Strategy owes a significant part of this performance to the recent rally in Bitcoin price. The companies ahead of Strategy (with a $71 billion treasury reserve) on the list are Berkshire Hathaway, Amazon, Google, Microsoft, Apple, Ford, Meta, and General Motors. BTC Treasury Reserve Serves as Strategy’s Growth Catalyst Notably, the company holds Bitcoin as its primary reserve asset. In the last five years, it has invested strongly in a Bitcoin accumulation strategy. Within the period above, the company has acquired more than 600,000 Bitcoin and is still looking to buy more. According to its new filing with the U.S. Securities and Exchange Commission (SEC), Strategy acquired an additional 4,225 Bitcoins for approximately $472.5 million between July 7 and July 13. This purchase increased the company’s total stash to 601,550 BTC, valued at over $70.9 billion at the current price of the firstborn digital asset. Metaplanet Learns From MicroStrategy’s Bitcoin Playbook Another firm making giant strides with a growing Bitcoin accumulation strategy is Metaplanet. This Japanese financial leader launched this strategy about a year ago and has remained true to it. In the first week of July, it reported a purchase of 2,205 BTC, worth about $238.7 million at the time. Metaplanet’s total crypto holdings climbed to 15,555 BTC as a result of the acquisition. As we advance, the firm aims to accumulate 210,000 BTC by 2027, which is approximately 1% of the total supply. This Bitcoin strategy, which mirrors that of the company, has triggered significant growth for Metaplanet. It is currently ranked as the fifth-largest publicly listed company, holding the top cryptocurrency. As of writing, the price of Bitcoin has jumped by 0.39% in the past 24 hours to $117,930. The post Strategy Outperforms Nvidia With Corporate Treasury Reserve appeared first on TheCoinrise.com .

Source: The Coin Rise