Five companies (AAPL, MSFT, GOOGL, AMZN, and META) are hoarding a combined $517B of cash.
A mere 1.67% of that is equivalent to the $8.5B of total net inflows into the #Bitcoin ETFs, so far.
What's the advantage of holding that much cash? I l know I'm biased, but I don't get it.
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These companies buy regulatory moats to protect their monopolies. Part of the grift is agreeing to hold government debt
to expand for any reader, govt debt as in treasuries which are cash equivalents in corporate accounting (I’m pretty sure)
