MicroStrategy’s Bitcoin treasury exceeds cash held by 80% of S&P 500 non-financial companies

The value of MicroStrategy’s massive Bitcoin (BTC) holdings has surpassed what most S&P 500 companies hold in their cash treasuries.
The Nasdaq-listed enterprise software firm purchased an additional 5,050 Bitcoin for about $242.9 million, raising the value of its 114,042 BTC holdings to nearly $5.

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MicroStrategy stock flips bullish with MSTR a Bitcoin ‘proxy’ for institutional investors

MicroStrategy’s stock, MSTR, is preparing to undergo a massive bull run in the sessions ahead.
So shows a technical setup, dubbed inverse head and shoulder, that has a history of predicting upside moves with an accuracy of 83.44%, as per Samurai Trading Academy’s research.

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MicroStrategy sees up to 52% revenue surge as Saylor confirms more Bitcoin buys ahead

MicroStrategy, the company which owns over 91,000 Bitcoin (BTC), saw an astounding surge in revenues in Q1, its latest figures confirm.
In a press release on April 30, CEO Michael Saylor revealed that the company’s success had gone far beyond its Bitcoin profits.

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BNY Mellon fund laments it should have bought Bitcoin, not gold

U.S.-based financial institution BNY Mellon, the world’s largest custodian bank and asset servicing company, states that the recent performance of one of its exchange-traded funds, or ETFs, was significantly impacted by its lack of exposure to companies investing in Bitcoin.

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Investors, Customers Reward MicroStrategy for Using Bitcoin as Treasury Reserve Asset – BeInCrypto

Michael Saylor, chief executive of business analytics and mobility software company MicroStrategy, placed a big bet on bitcoin a couple of months ago, and his strategy has paid off big time. The stock is up more than 7% in after-hours trading as investors like what they see.

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