MicroStrategy: If Bitcoin hits $138,000, it will overtake Starbucks and Nike's market cap

MicroStrategy, which has been steadily buying Bitcoin, said that if the price of Bitcoin surpasses $138,000, it could surpass the market capitalization of Starbucks and Nike.
On the 17th (local time), MicroStrategy (MSTR) shares rose 546% this year, and its current market capitalization stands at $99.4 billion.
He purchased an additional 49,850 BTC, bringing his total holdings to 439,000 BTC, marking a significant return on his holdings since the beginning of the year.
With its market capitalization on the brink of reaching $100 billion, MSTR is poised to become even more volatile if the price of Bitcoin continues to rise.
With 439,000 BTC, MSTR is the world's largest Bitcoin holder, and is the largest holding company in the world, according to Marathon Digital.
This is 985% more than the 40,435 BTC held by MSTR Digital. By looking at the Bitcoin price, we can directly predict the potential market capitalization of MSTR.
According to the net asset value (NAV) worksheet, the company's fully diluted market capitalization is $114 billion, and the calculated NAV for MSTR is approximately $40 billion.
For every $1,000 move in Bitcoin price relative to MSTR's Bitcoin holdings, MSTR's market capitalization increases by approximately $440 million
Currently, Starbucks has a market cap of $105.5 billion and Nike has a market cap of $115 billion. Therefore, if Bitcoin price rises 11% to $118,810,
If it does, MSTR's market cap could surpass Starbucks. If Bitcoin rises 32% to $140,000, it could surpass Nike's market cap.
This assumes that MSTR does not add to its current Bitcoin holdings.