Strategy will beat all public equities with Bitcoin, analyst says
Michael Saylor’s Strategy, the world’s largest corporate holder of Bitcoin, may become the top publicly traded equity one day, according to a Strategy analyst.
Strategy will be the “number one publicly traded equity in the entire market” because of its future financial strength enabled with Bitcoin (BTC), Strategy analyst Jeff Walton predicted in the new Financial Times documentary, Michael Saylor’s $40 billion Bitcoin bet.
The company currently holds about 568,840 Bitcoin, worth roughly $59 billion, and Walton said that advantage could push it past all other publicly listed firms in the future.
“Strategy holds more of the best assets and the most pristine collateral on the entire planet than any other company, by multiples,” Walton said.
Strategy raised $12 billion in 50 days
The analyst pointed to the firm’s ability to rapidly raise capital as another indicator of its strength. In November 2024, Strategy raised $12 billion in just 50 days.
“It’s incredibly hard to raise $100 million of capital, and they just raised $100 million of capital 120 times in 50 days, and they were able to buy Bitcoin with that capital. That’s insane,” Walton said.
Strategy analyst Jeff Walton in the Financial Times’ documentary “Michael Saylor’s $40 billion Bitcoin bet.” Source: YouTube
In the documentary, Saylor also paints a bullish picture of the future due to Bitcoin adoption by Strategy, formerly MicroStrategy.
Saylor says Strategy will become a $10 trillion company
“I think that MicroStrategy is in a position where we can grow from a $100 billion enterprise to a $1 trillion enterprise to a $10 trillion enterprise,” Saylor said.
He also predicted that Bitcoin would one day reach a price of $13 million per coin:
“My forecast for 2045 is 13 million a Bitcoin. I would think in the four to eight year time frame. Certainly, in 10 years we should be at a million. So one million in 10 years you know 10X that or more in 20 years.”
Related: Coinbase considered Saylor-like Bitcoin strategy before opting out: Bloomberg
Walton and Saylor’s predictions on Strategy potentially beating all publicly traded equities in the future come as the company ranks as the 151st largest company in the world, with a market capitalization of $117 billion, according to CompaniesMarketCap.
Strategy (MSTR) stock against the top five stocks globally by market capitalization. Source: CompaniesMarketCap
To become the largest, Strategy would need to surpass Microsoft, whose current market cap exceeds $3.3 trillion.
Bitcoin’s 90% drop scenario
Despite his bullish stance on the future of both Strategy and Bitcoin, Saylor has not ignored the possibility that BTC could suffer major losses.
Reiterating his previous claims, Saylor emphasized that Strategy’s capital structure is constructed so that it would still be stable even if Bitcoin falls 90% and “stays there for four or five years.”
“It wouldn’t be a good outcome for the equity holders. The people at the top of the capital structure would suffer because they’re levered, but everybody else in the capital structure would get paid out,” he said.
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