MicroStrategy’s steady Bitcoin purchases could send its market cap above Starbucks and Nike if BTC rallies above $138,000.
MicroStrategy’s (MSTR) stock prices are up 546% for the year, with its market cap currently at $99.4 billion. Its Bitcoin (BTC) reserve is a major reason for its significant year-to-date yields, as the organization added 249,850 BTC in 2024, taking its total tally to 439,000 BTC.
With its market cap on the brink of breaking the $100 billion threshold, MicroStrategy will take over major American companies if Bitcoin hits higher price targets.
With 439,000 BTC in its treasury, MicroStrategy is the largest corporate holder of Bitcoin, surpassing Marathon Digital’s tally of 40,435 BTC by 985%.