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Excess cash may be one reason American companies are eyeing bitcoin
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Quick Take
- S&P 500 firms are sitting on more than $1.3 trillion in cash.
- Firms including Genesis Global and Coinbase are trying to get them to join MicroStrategy, Square, and Tesla in buying bitcoin.
How many other companies will buy bitcoin now that Tesla has done it? Genesis Global, Coinbase, and others sense an opportunity.
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