Overview

• Strategy has filed for a $4.2 billion STRC perpetual preferred share offering that will be converted directly into Bitcoin to fund further purchases.
• It holds 628,791 BTC worth about $70 billion, making it the largest corporate Bitcoin treasury and underpinning its $2.5 billion market value.
• Fundstrat co-founder Tom Lee predicts Strategy could become the largest public company if Bitcoin reaches $1 million, likening its balance-sheet focus to ExxonMobil’s oil-reserve valuation.
• At a trading price of about $380 per share, Strategy’s market cap trails tech giants such as NVIDIA and Microsoft, requiring Bitcoin to exceed roughly $6 million per coin to overtake them based on current holdings.
• BitMine has emulated this approach with Ethereum, accumulating over 833,000 ETH to become the largest publicly known holder of the token.