Bitcoin News Today: Strategy Could Overtake U.S. Giants If Bitcoin Hits $1M

Strategy, formerly known as MicroStrategy, could potentially become the most valuable publicly traded company in the United States if Bitcoin reaches $1 million, according to projections by Tom Lee, chairman of BitMine. Lee argues that the company’s growing Bitcoin holdings and its unconventional balance sheet model could position it as a dominant force in the financial market, similar to historical oil giants like ExxonMobil [1].

Currently, Strategy holds 628,791 Bitcoin, which it acquired for $46.08 billion. These holdings are now valued at approximately $71 billion, while the company maintains only about $50 million in fiat currency [2]. This strategy places it among the top 10 U.S. corporate treasuries in terms of cryptocurrency holdings, surpassing major firms such as NVIDIA and PayPal [3]. Recently, the company filed for a $4.2 billion stock offering to further expand its Bitcoin reserves, reinforcing its commitment to the digital asset [4].

The company’s valuation model has shifted away from traditional financial metrics like net income to the balance sheet value of its Bitcoin reserves. This approach, inspired by historical parallels such as ExxonMobil’s dominance in the S&P 500 based on oil reserves rather than earnings, challenges conventional corporate valuation norms [5]. However, Strategy still has a long way to go. Its current market capitalization is around $2.52 billion, significantly lower than that of industry leaders such as Microsoft and NVIDIA, which stand at $3.9 trillion and $4.3 trillion, respectively [6].

BitMine, following a similar strategy, has become the largest public holder of Ethereum, with 833,100 ETH, adopting a parallel approach to Strategy but with Ethereum as its primary asset [7]. Tom Lee emphasized that this trend reflects a broader shift in how companies may view and report asset value in an increasingly digital financial landscape.

Michael Saylor, founder of Strategy, has been a vocal advocate for Bitcoin’s potential to transform the stock market. He has suggested that even a modest level of adoption—such as a 10% allocation by Wall Street—could significantly influence Bitcoin’s price trajectory and bring it closer to the $1 million threshold [8].

Sources:

[1] Mitrade – If Bitcoin Hits $1 Million, This Could Be America's Biggest – (https://www.mitrade.com/insights/news/live-news/article-3-1020797-20250807)

[2] CoinGape – Strategy Could Become Largest U.S. Public Company if – (https://coingape.com/strategy-could-become-largest-u-s-public-company-if-bitcoin-hits-1m/)

[3] Bitget – Tom Lee, Chairman of BitMine, projected that “Strategy,” formerly MicroStrategy, might become the largest U.S. public company if Bitcoin reaches $1 million – (https://www.bitget.com/news/detail/12560604900924)

[4] MSN – Tom Lee believes Strategy could become the biggest company if Bitcoin hits $1 million – (https://www.msn.com/en-us/money/news/tom-lee-believes-strategy-could-become-the-biggest-company-if-bitcoin-hits-1-million-michael-saylor-is-changing-the-reality-of-the-stock-market/vi-AA1K1XKS)

[5] Bitget – Tom Lee of BitMine predicts “Strategy” could become the largest U.S. public company if Bitcoin's price hits $1 million, based on its Bitcoin reserves – (https://www.bitget.com/news/detail/12560604900923)

[8] TipRanks – Michael Saylor, the founder of Strategy, believes Wall Street's adoption of Bitcoin, even just a 10% allocation, could push the price toward the million mark – (https://www.tipranks.com/news/is-1-million-bitcoin-still-a-fantasy-or-a-real-possibility)