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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
BTC-0.13%MSTRBEP200.00%

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.

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.
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