Strategy, formerly MicroStrategy, now holds about 568,840 BTC worth roughly $59 billion, far exceeding any other public company’s stash.
Analyst Jeff Walton told a Financial Times documentary the firm could become “the number one publicly traded equity in the entire market” because of that collateral.
Capital-raising prowess highlighted
Walton noted Strategy raised $12 billion in just 50 days during late 2024, quipping, “They just raised $100 million of capital 120 times in 50 days.
That’s insane.”
Such speed, he argued, shows markets will back the company’s aggressive accumulation strategy.
Saylor’s long-term vision
Co-founder Michael Saylor said the firm could grow “from a $100 billion enterprise to a $1 trillion enterprise to a $10 trillion enterprise,” assuming BTC appreciates as he forecasts.
He repeated his bold price path: $1 million per coin within 10 years and $13 million by 2045.
Risk management still on the table
Saylor acknowledged Bitcoin could plunge 90 % and stay depressed for years, yet insisted Strategy’s capital structure would protect senior stakeholders.
Walton added that even in a severe drawdown, Strategy’s BTC would remain “the most pristine collateral on the entire planet.”
Market positioning versus tech giants
With a current market cap near $117 billion, Strategy ranks 151st globally, miles behind Microsoft’s $3.3 trillion.
To close that gap, both Bitcoin’s price and the company’s leverage-driven BTC holdings must rise dramatically, but bulls contend the asymmetric upside justifies the gamble.