Strategy, the leading corporate holder of Bitcoin, has the potential to emerge as the world’s foremost publicly traded company, according to a compelling projection by one of its analysts.
Jeff Walton, an analyst at Strategy, disclosed this insight in the Financial Times documentary titled Michael Saylor’s $40 Billion Bitcoin Bet, which delves into the firm’s bold cryptocurrency approach.
Walton asserts that the company’s remarkable investment in Bitcoin, which recently surpassed the $104,000 mark, provides it with a significant competitive advantage.
“Strategy holds more of the best asset and most pristine collateral on the planet than any other company, by multiples,” he stated.
Strategy Owns Over 560k BTC
Currently, Strategy boasts a Bitcoin portfolio of approximately 568,840 BTC, valued around $59 billion.
Walton’s confidence is largely attributed to the company’s impressive fundraising capabilities.
He pointed out that Strategy raised $12 billion in a mere 50 days in late 2024, a feat that is exceptional in the realm of traditional finance.
“It’s incredibly hard to raise $100 million in capital, and they just did that 120 times in 50 days. And all of it went into Bitcoin,” he emphasized.
The documentary also features insights from Strategy’s executive chairman, Michael Saylor, who articulates his long-term vision for the firm.
Saylor envisions a trajectory for Strategy to evolve into a multi-trillion-dollar enterprise, stating, “We can grow from a $100 billion enterprise to a $1 trillion enterprise to a $10 trillion enterprise.”
His personal outlook on Bitcoin’s future is equally ambitious, forecasting a potential rise to $1 million within the next decade and possibly reaching $13 million per coin by 2045.
Presently, Strategy ranks as the 151st largest public company worldwide, with a market capitalization of $117 billion, as reported by CompaniesMarketCap.
To actualize Walton’s prediction, the firm would need to surpass Microsoft, which currently holds the top position in the public markets with a valuation exceeding $3.3 trillion.
Recently, the Virginia-based company announced plans to double its capital-raising initiatives to $84 billion to acquire more Bitcoin.
This strategy includes selling an additional $21 billion in common stock, having fully utilized a prior stock program approved in October.
Furthermore, Strategy has increased its debt issuance target from $21 billion to $42 billion, with $14.6 billion still available under the current authorization.
Public Companies Ramp Up Bitcoin Exposure
Public corporations are increasingly enhancing their exposure to Bitcoin.
On Monday, Metaplanet expanded its Bitcoin treasury by acquiring an additional 1,241 BTC for approximately 18.4 billion yen (around $126 million), raising its total Bitcoin holdings to 6,796 BTC, valued at over $706 million.
In a related move, GD Culture Group Limited, a microcap company, announced plans to raise up to $300 million through a stock offering aimed at funding the purchase of Bitcoin and Trump Coin ($TRUMP), despite facing a potential delisting from Nasdaq due to financial issues.
This trend underscores a growing institutional interest in Bitcoin.
During the first quarter of this year, publicly listed companies collectively boosted their Bitcoin holdings by 16.1%, affirming their confidence in the asset amidst ongoing market fluctuations.
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