Bitcoin alone 65 billion dollars…Strategy, Ranked 11th in US company cash holdings

Crytocurrency investment company Strategy has ranked 11th among US-listed companies in terms of funds held, with $65 billion worth of Bitcoin, reported by CoinDesk. This is almost at the same level as semiconductor giant Nvidia, which has cash and cash equivalents worth $66 billion.

Strategy recently announced a ‘42/42 Plan’ with a strategy to continue purchasing Bitcoin by raising an additional $84 billion over the next two years. The rise in ranking has already shown visible results at the early stage of implementing the strategy.

On Wall Street, Strategy's aggressive Bitcoin accumulation has been evaluated as a move predicting a significant change in traditional corporate asset management. The unusual preference for Bitcoin over cash could affect the asset strategies of other companies.