Strategy, the world’s largest corporate holder of Bitcoin, could potentially become the most valuable publicly traded company, according to Jeff Walton, an analyst at the firm. In the recent Financial Times documentary, “Michael Saylor’s $40 Billion Bitcoin Bet,” Walton emphasized the unique advantage Strategy holds with its substantial Bitcoin reserves, which currently exceed 568,840 BTC, valued at approximately $59 billion.
Walton attributes Strategy’s meteoric rise to its unparalleled Bitcoin exposure and its capacity to raise capital at an unprecedented rate. In late 2024, the firm successfully raised $12 billion in just 50 days, a feat Walton noted as nearly impossible in traditional finance. “They did it 120 times over, funneling every dollar into Bitcoin,” he said.
Saylor, the firm’s executive chairman, shares Walton’s optimism, envisioning Strategy’s transformation into a multi-trillion-dollar enterprise. According to Saylor, the firm could scale from $100 billion to $1 trillion and potentially reach $10 trillion, riding on Bitcoin’s growth trajectory.
Saylor’s long-term outlook for Bitcoin is equally ambitious. He forecasts that Bitcoin could reach $1 million per coin within the next decade and potentially $13 million by 2045.
Currently, Strategy ranks as the 151st largest public company globally, with a market cap of $117 billion. To surpass Microsoft’s $3.3 trillion valuation, Strategy would need Bitcoin to achieve unprecedented price levels, a prospect Walton believes is attainable given the firm’s strategic focus.
To support its aggressive Bitcoin accumulation, Strategy recently expanded its capital-raising target to $84 billion, aiming to sell an additional $21 billion in common stock while doubling its debt issuance target to $42 billion.
