Fundstrat co-founder and managing partner Tom Lee says that Micheal Saylor’s Strategy (MSTR) has the potential to become the largest company in the entire stock market.

In a new interview with crypto influencer Natalie Brunell on her YouTube channel, Lee says Saylor’s strategy of accumulating as much Bitcoin (BTC) as possible is “changing the reality of the stock market,” comparing the firm to Exxon Mobile, one of the biggest stocks of the last generation.

“Michael Saylor is changing the reality of the stock market and the reason is that he probably will end up being potentially the largest company in the stock market, especially if Bitcoin goes to $1,000,000, yet he doesn’t generate gap-net income to justify it.

He’s based solely on the value of his balance sheet, but that’s not new to history because when I graduated college, the biggest stock in the S&P, a top five name, was Exxon Mobile. And it was top 5 for 28-30 years, an entire generation.

I graduated, worked at Wall Street, and a top five name was a company that was only valued on the value of its oil, not on its net income. So Strategy is replacing Exxon in lore. Because for a whole generation, people were saying Exxon is the biggest company, but you didn’t value it on earnings.

Strategy couldn’t be one of the biggest companies in the world, and it’s valued on its Bitcoin.”

Strategy – formerly known as MicroStrategy – is the largest corporate holder of the top crypto asset by market. According to data from BitcoinTreasuries, Strategy currently holds 628,791 BTC worth $72.48 billion with an average price of $73,277 per token.

BTC is trading for $114,984 at time of writing, a 2% increase on the day, while MSTR is valued at $380 per share.

 

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

The post Michael Saylor’s Strategy (MSTR) Could Become Biggest Company in the Stock Market: Tom Lee appeared first on The Daily Hodl.

Fundstrat co-founder and managing partner Tom Lee says that Micheal Saylor’s Strategy (MSTR) has the potential to become the largest company in the entire stock market.

In a new interview with crypto influencer Natalie Brunell on her YouTube channel, Lee says Saylor’s strategy of accumulating as much Bitcoin (BTC) as possible is “changing the reality of the stock market,” comparing the firm to Exxon Mobile, one of the biggest stocks of the last generation.

“Michael Saylor is changing the reality of the stock market and the reason is that he probably will end up being potentially the largest company in the stock market, especially if Bitcoin goes to $1,000,000, yet he doesn’t generate gap-net income to justify it.

He’s based solely on the value of his balance sheet, but that’s not new to history because when I graduated college, the biggest stock in the S&P, a top five name, was Exxon Mobile. And it was top 5 for 28-30 years, an entire generation.

I graduated, worked at Wall Street, and a top five name was a company that was only valued on the value of its oil, not on its net income. So Strategy is replacing Exxon in lore. Because for a whole generation, people were saying Exxon is the biggest company, but you didn’t value it on earnings.

Strategy couldn’t be one of the biggest companies in the world, and it’s valued on its Bitcoin.”

Strategy – formerly known as MicroStrategy – is the largest corporate holder of the top crypto asset by market. According to data from BitcoinTreasuries, Strategy currently holds 628,791 BTC worth $72.48 billion with an average price of $73,277 per token.

BTC is trading for $114,984 at time of writing, a 2% increase on the day, while MSTR is valued at $380 per share.

 

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

The post Michael Saylor’s Strategy (MSTR) Could Become Biggest Company in the Stock Market: Tom Lee appeared first on The Daily Hodl.