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For reports, Bitmine Chairman Tom Lee said the condition of strategy on bitcoins could one day push it to the top of the stock market. He indicates the company’s mass Crypto Holdings as a major driver of its value.
Lee said, like the old oil companies, the strategy is more in its vault than the market value of the strategy.
Bold claims on market price
Depending on Lee’s comments, the strategy can cross girns like NVIDIA and Microsoft
Exonmobil once placed a place in the top five of the S&P500 for the entire generation for its oil reserves. Now Lee sees the strategy in the same role, only trade oil for bitcoins.
He argues that the balance sheet of the company loaded with digital coins is changing how we measure corporate shapes.
https://www.youtube.com/watch?v=uff6wx4hr6iu
Strategy shares trade at around $ 380. It keeps its market cap near $ 2.50 billion. By the contest, Nvidia sits on $ 4.3 trillion and Microsoft on $ 3.9 trillion.
To overtake NVidia to be ahead of $ 1 million, these coins will be below the total $ 620 billion – large, but today’s leaders.
Bitcoin holdings on scale
Reports have revealed that the strategy paid $ 46 billion for the construction of its bitcoin hoard. Today the stand costs around $ 70 billion.
The company has only $ 50 million in Fiat Cash. Lee depicted that it makes the Treasury of the strategy of one of the top 10 in all American companies one.
It is ahead of names such as Payal and Exonmobil, as it is volatile, appreciating the Crypto Insulad of static cash.
BTCUSD trading at $115,069 on the 24-hour chart: TradingView
In its latest Mot, a strategy was filed for offering $ 4.2 billion STRC office. The plan is to direct these processes in bitcoin. This will promote the count of its coin and the identity of further camets as bitcoin-first treasury.
Lee has seen it as proof of the fact that more companies can move from cash and bonds to digital assets if they want to pursue large benefits.
Competition between treasures
Meanwhile, the bitmine is taking signal from itself strategy. It is all-in on the atherium and now more than 833,000 ETHs, which makes it the largest public holder of that token.
Lee believes that other firms will follow the suit – some choose bitcoins, oatters choose atherium or other blockchain.
Can do it again
Special displayed image from Will Stacey, Chart from Trading Cav
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