- Strategy holds over 628,000 BTC, positioning itself among the top 10 U.S. corporate treasuries, ahead of firms like NVIDIA and PayPal.
- Chairman Tom Lee believes Bitcoin’s future growth could make Strategy the most valuable public company, replacing oil-based value giants like ExxonMobil.
- Strategy prioritizes Bitcoin reserves over net income, marking a shift in how companies may value their assets in the evolving financial landscape.
BitMine Chairman Tom Lee has predicted that Strategy, formerly known as MicroStrategy, could eventually become the most valuable company on the stock exchange. He based this projection on the possibility that Bitcoin could reach a price of $1 million.
According to Lee, the company’s founder, Michael Saylor, has significantly altered how a public firm can be valued. Rather than generating traditional net income, the strategy is focused on building a Bitcoin-centric balance sheet.
Historical Comparisons Support Bold Vision
Lee referenced historical examples to support his outlook, particularly how ExxonMobil once remained in the top five of the S&P 500 for a generation. ExxonMobil achieved this based on the value of its oil reserves rather than its earnings. Lee suggested that Strategy is now doing something similar, but with Bitcoin as its primary asset.
Strategy currently holds 628,791 BTC, which it acquired for $46.08 billion. These holdings are now valued at approximately $71 billion. In contrast, the company only maintains around $50 million in fiat currency.
Recent Moves Reinforce Bitcoin Commitment
The company recently filed for a $4.2 billion stock offering, indicating plans to use the proceeds to acquire additional Bitcoin. With this strategy, the company is now ranked among the top 10 U.S. corporate treasuries, surpassing major names such as NVIDIA, PayPal, and ExxonMobil in cryptocurrency holdings. BitMine is now taking a similar approach but with Ethereum instead of Bitcoin. It has become the largest public holder of Ethereum, with 833,100 ETH.
Despite these developments, Strategy’s current market capitalization is around $2.52 billion, while Microsoft and NVIDIA lead with market caps of $3.9 trillion and $4.3 trillion, respectively.
The company continues to emphasize its strategy of treating Bitcoin as its primary reserve asset, signaling an ongoing commitment to this valuation model.
