Summary
- It is reported that if Bitcoin reaches $138,000, MicroStrategy's market cap is expected to surpass that of Starbucks and Nike.
- It is analyzed that for every $1,000 increase in BTC price, MSTR's market cap will increase by about $440 million.
- It is stated that the current market capitalizations of Nike and Starbucks are $115 billion and $105.5 billion, respectively.
According to Cointelegraph, a cryptocurrency-focused media outlet, if Bitcoin (BTC) reaches $138,000, the market capitalization of MicroStrategy (Nasdaq ticker: MSTR), which holds the most Bitcoin among single companies, is expected to surpass that of Starbucks and Nike.
The media stated, "According to MicroStrategy's net asset value (NAV) worksheet, MSTR's fully diluted value (FDV) is $114 billion, and the derived MSTR NAV is approximately $40 billion," analyzing that "for every $1,000 increase in BTC price, MSTR's market cap is expected to rise by about $440 million."
Currently, the market capitalizations of Starbucks and Nike are $105.5 billion and $115 billion, respectively.
Meanwhile, BTC is trading at $107,469.71, up 0.38% from the previous day, as of 2:26 AM on the 18th in the Binance Tether (USDT) market.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
