According to a recent report by Bloomberg, MicroStrategy has solidified its position as a leading corporate investor in Bitcoin, with its reserves valued at approximately $26 billion. This impressive figure places the firm ahead of traditional industry giants such as IBM, Nike, and Johnson & Johnson in terms of cash and marketable securities, ranking just behind tech titans like Apple and Alphabet. Furthermore, MicroStrategy has announced a bold strategy to raise $42 billion over the next three years to bolster its Bitcoin investment. Notably, MicroStrategy’s unrealized gains from its Bitcoin assets reached over $10 billion as of November 10, with the company holding a substantial 252,220 bitcoins acquired at a cost of around $9.9 billion, translating to an average purchase price of approximately $39,266.
Source: https://en.coinotag.com/breakingnews/microstrategys-bitcoin-reserves-surge-to-26-billion-outpacing-major-corporations-in-cash-holdings/