Strategy, the largest corporate holder of Bitcoin, may one day rise to become the top publicly traded company in the world, according to a bold forecast by one of its own analysts.
Jeff Walton, an analyst at Strategy, shared this view in Michael Saylor’s $40 Billion Bitcoin Bet, a new Financial Times documentary exploring the firm’s aggressive crypto strategy.
Walton believes the company’s unprecedented exposure to Bitcoin, which recently crossed $104,000, gives it a unique edge.
“Strategy holds more of the best asset and most pristine collateral on the planet than any other company, by multiples,” he said.
Strategy Owns Over 560k BTC
As of now, Strategy owns approximately 568,840 BTC, valued around $59 billion.
A major factor behind Walton’s confidence is the firm’s fundraising capability.
He highlighted that Strategy raised $12 billion in just 50 days in late 2024, noting how rare that is in traditional finance.
“It’s incredibly hard to raise $100 million in capital, and they just did that 120 times in 50 days. And all of it went into Bitcoin.”
The documentary also features Strategy executive chairman Michael Saylor outlining his long-term vision for the company.
Saylor sees a path for Strategy to evolve into a multi-trillion-dollar business. “We can grow from a $100 billion enterprise to a $1 trillion enterprise to a $10 trillion enterprise,” he said.
Saylor’s personal forecast for Bitcoin is equally ambitious. He predicts Bitcoin could hit $1 million within the next decade and potentially reach $13 million per coin by 2045.
Currently, Strategy is the 151st largest public company globally, with a market capitalization of $117 billion, according to CompaniesMarketCap.
To fulfill Walton’s prediction, the firm would need to overtake Microsoft, which currently leads the public markets with a valuation north of $3.3 trillion.
Notably, the Virginia-based company recently announced it would double its capital-raising efforts to $84 billion in order to acquire more Bitcoin.
This includes plans to sell an additional $21 billion in common stock, following the full utilization of a prior program approved in October.
In addition to equity sales, Strategy has also expanded its debt issuance target from $21 billion to $42 billion, with $14.6 billion still available under the current authorization.
Public Companies Ramp Up Bitcoin Exposure
Public companies continue to increase their exposure to Bitcoin.
On Monday, Metaplanet also expanded its Bitcoin treasury, acquiring an additional 1,241 BTC for approximately 18.4 billion yen ($126 million).
The latest purchase brings the company’s total Bitcoin holdings to 6,796 BTC, currently valued at over $706 million.
More recently, microcap firm GD Culture Group Limited announced plans to raise up to $300 million through a stock offering to fund the purchase of Bitcoin and Trump Coin ($TRUMP), despite facing a potential delisting from the Nasdaq over financial shortcomings.
This trend reflects a broader institutional interest in Bitcoin.
During the first quarter of the year, publicly listed firms collectively grew their Bitcoin holdings by 16.1%, indicating continued confidence in the asset despite persistent market volatility.
The post Saylor’s Bitcoin Bet Could Make Strategy the Top Public Stock, Analyst Says appeared first on Cryptonews.
