Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
MicroStrategy market cap may surpass Starbucks and Nike if Bitcoin price rises

MicroStrategy market cap may surpass Starbucks and Nike if Bitcoin price rises

Bitget2024/12/17 17:42

MicroStrategy (MSTR) stock is up 546% this year, giving it a market cap of $99.4 billion. Its 439,000 BTC holdings are the main reason. If the price of Bitcoin reaches $138,000, MicroStrategy's market capitalisation will surpass that of Starbucks and Nike. For every $1,000 fluctuation in the price of Bitcoin, MSTR's market capitalisation changes by about $440 million. MicroStrategy has a net asset value of about $40 billion and a fully diluted market capitalisation of $114 billion. Its debt is $7 billion, while BTC holdings are worth about $47 billion. CryptoQuant CEO Ki-Young Ju said that MicroStrategy will not go bankrupt unless there is a natural disaster.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!