From MSFT to EXPE: Top US companies that accept cryptocurrencies

May 03, 2022 01:27 PM PDT | By Team Kalkine Media

From MSFT to EXPE: Top US companies that accept cryptocurrencies — Image source: © Iuriimotov | Megapixl.com

Microsoft Corporation (Nasdaq:MSFT):

Microsoft has been accepting Bitcoin since 2014 for its online Xbox store. Although they had ceased to accept it for a brief period due to its volatility, they are using it again strictly for the Xbox store credits. Microsoft founder Bill Gates is a huge supporter of cryptocurrency. He also said that bitcoin is better than currency.

Microsoft has a market cap of US$2.11 trillion, a P/E ratio of 29.69, and a forward P/E ratio of 30.52. The 52-week highest and lowest stock prices of Microsoft were US$349.67 and US$238.07, respectively. Its trading volume was 35,151,110 on May 2.

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Home Depot Inc. (Nasdaq:HD):

Home Depot accepting cryptocurrency is a huge boost for the digital currency world. It is the biggest home improvement specialty retailer not only in the US but the world. One can build an entire house by purchasing materials using Bitcoin.

Home Depot has 2,317 retail stores spanning all 50 states, including DC, the US Virgin Islands, Guam, 10 Canadian provinces, and Mexico.

Home Depot has a market cap of US$315.08 billion, a P/E ratio of 19.69, and a forward ratio P/E ratio of 19.20.

The 52-week highest and lowest stock prices of Home Depot were US$420.61 and US$293.59, respectively. Its trading volume was 4,233,870 on May 2.

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Starbucks Corporation (Nasdaq:SBUX):

Starbucks’ relationship with bitcoin has been topsy turvy throughout. It was reported initially that Starbucks would directly accept Bitcoin in stores, but later the company refuted the claims that it would directly accept Bitcoins in stores. Instead, they said would collaborate with a third party (Bakkt App) for accepting payments and would not begin with it until mid-2020.

The Bakkt App has been finally launched and one can now make Bitcoin payments in Starbucks. It is a huge boost for the digital currency world that Starbucks has started accepting Bitcoin.

Starbucks has a market cap of US$85.36 billion, a P/E ratio of 19.9, and a forward ratio P/E ratio of 22.98.

The 52-week highest and lowest stock prices of Starbucks were US$126.32 and US$73.47, respectively. Its trading volume was 12,378,950 on May 2.

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Expedia Group Inc. (Nasdaq:EXPE):

Expedia is a market leader in the global travel industry. It is a widely used platform for travel bookings, be it flights, hotels, vacations, or car rentals. It is the easiest platform to book travel with Bitcoin. It is also a boost for cryptocurrencies as millions of people book travel every year.

Expedia has a market cap of US$24.54 billion, a P/E ratio of 126.97, and a forward ratio P/E ratio of 28.01.

The 52-week highest and lowest stock prices of Starbucks were US$217.72 and US$136.77, respectively. Its trading volume was 5,434,394 on May 2.

Bottom line:

There are many business tycoons who support crypto transactions. However, there are also others who put their foot down when it comes to cryptocurrency. Warren Buffet is one antagonist who recently said that he wouldn’t buy “all of the bitcoin in the world” for even US$25.

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