According to the report, Bitmine Chairman Tom Lee said that the strategy for Bitcoin can one day be pushed to the top of the stock market. He pointed out that the company’s large -scale encryption retention was the main driving force of value.
Lee, like Old Old’s petroleum company, is more than a quarterly profit than a quarterly profit.
Bold claim of market value
Based on Lee’s opinion, the strategy can surpass giants like NVIDIA and Microsoft. Bitcoin has reached a million dollars.
EXXONMOBIL was once the top 5 S & P 500 of the entire generation thanks to the amount of oil reserves. LEE now sees a strategy in the same role and trades oil for Bitcoin.
He argues that the loan control of the company with digital coins is changing the way of measuring the size of the company.
https://www.youtube.com/watch?v=UF6WX4HR6IU
The stock of the strategy is about $ 380. As a result, the market cap is $ 25 billion. In contrast, NVIDIA is about $ 4.3 trillion and Microsoft is $ 3.9 trillion.
To overtake NVIDIA based on 628,791 BTC Stash, Bitcoin must be more than $ 6 million per coin. The coin is about $ 660 billion in a million dollars, but is lower than today’s leaders.
Bitcoin holding size
According to the report, the strategy has paid $ 46 billion to build a Bitcoin warehouse. Today’s hidden is about $ 70 billion.
The company has only $ 50 million in Fiat cash. Lee pointed out that this makes the Treasury of the strategy one of all US companies.
It is ahead of the same name as PayPal and EXXONMOBIL.
BTCUSD trading at $115,069 on the 24-hour chart: TradingView
In recent movements, the strategy has submitted a $ 4.2 billion STRC offering. The plan is to switch the proceeds directly to Bitcoin. It will increase the number of coins and further strengthen its identity as the Treasury Bitcoin.
Lee sees this as evidence that more companies can switch from cash and bonds to digital assets if they want to chase a big profit.
Competition between the Treasury
Bit Mine itself is signing in the strategy. It has been all -in in Ether Leeum and currently has more than 833,000 ETHs, which is the largest public holder of the token.
Lee believes that other companies will choose Bitcoin and other companies will follow the lawsuit for choosing Etherrium or other blockchain.
It can be sitting at the center of a large -scale balance table with many digital coins and drawing corporate fiscal guidance again.
Chart of TradingView, the main image of Will Steamy
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