Analysis: If Bitcoin rises to $138,000, MicroStrategy's market value will exceed Starbucks and Nike

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ODAILY
12-18
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Odaily Odaily News: If Bitcoin rises to $138,000, MicroStrategy's market value will exceed Starbucks and Nike. With 439,000 BTC, MicroStrategy is the largest corporate Bitcoin holder, 985% higher than Marathon Digital's 40,435 BTC holdings. Analysts say that monitoring the price of BTC can directly predict the market value potential of MSTR. According to MicroStrategy's net asset value (NAV) worksheet, its fully diluted market value is $114 billion, and the resulting MSTR NAV is about $40 billion. In terms of BTC held by MicroStrategy, every time BTC rises by $1,000, MSTR's market value will increase by about $440 million. Therefore, if Bitcoin rises by only 11% to $118,810, MicroStrategy's market value will exceed Starbucks' valuation ranking. If each BTC rises 32% to $140,000, MSTR's market value will exceed Nike. Surpassing Nike’s market cap assumes MicroStrategy does not increase its current BTC holdings.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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