Strategy’s market cap surpassed Rumble’s. Has a company that hoards Bitcoin really outperformed a content platform?
According to data from Bitcoin Treasuries cited by Binance News, Strategy’s market cap has surpassed that of video platform Rumble. Meanwhile, another Bitcoin treasury company, Strive, has also moved ahead of 140 public companies in market cap rankings over the past month.
The logic is straightforward: when the market is willing to pay a premium for a company’s ability to hold BTC and its potential to accumulate more in the future, the valuation of a treasury company can rise quickly. But market cap rankings are not the same as rankings of business performance. A drop in the price of BTC or a reduction in the market’s valuation premium for treasury companies could put their share prices under pressure.
Do you think Strategy’s success proves that the Bitcoin treasury model is going mainstream, or are stock markets assigning too much speculative value to these companies?
$MSTR #Strategy市值排名上升
According to data from Bitcoin Treasuries cited by Binance News, Strategy’s market cap has surpassed that of video platform Rumble. Meanwhile, another Bitcoin treasury company, Strive, has also moved ahead of 140 public companies in market cap rankings over the past month.
The logic is straightforward: when the market is willing to pay a premium for a company’s ability to hold BTC and its potential to accumulate more in the future, the valuation of a treasury company can rise quickly. But market cap rankings are not the same as rankings of business performance. A drop in the price of BTC or a reduction in the market’s valuation premium for treasury companies could put their share prices under pressure.
Do you think Strategy’s success proves that the Bitcoin treasury model is going mainstream, or are stock markets assigning too much speculative value to these companies?
$MSTR #Strategy市值排名上升