Strategy Reaffirms Ambition to Become World's Largest Public Company
Strategy, the bitcoin-focused corporate treasury company formerly known as MicroStrategy, has reiterated its ambition to become the world’s largest company by market capitalization. In an Aug. 5 post on X, the company reaffirmed a goal first outlined in its Q2 2026 financial results presentation released on July 30.
The company’s strategy integrates bitcoin, digital credit, and common equity into a single capital structure. Bitcoin serves as the reserve base, STRC digital credit securities raise capital, and MSTR common equity provides amplified bitcoin exposure through capital management. The company says this approach supports capital formation, continued bitcoin accumulation, and growth in bitcoin per share.
As of Aug. 5, Strategy reported holdings of 842,138 BTC, representing 4.01% of bitcoin’s maximum supply. Its dashboard listed a $58.4 billion reserve, a $36.3 billion net reserve, a $38.1 billion market capitalization, $6.75 billion in debt, $15.35 billion in preferred stock, and a $4 billion U.S. dollar reserve.
The STRC digital credit product is positioned to support bitcoin accumulation while attracting income-focused investors. The company targets annual digital credit sales equal to 10%-20% of BTC reserves and aims to double bitcoin per share within seven years. On Aug. 4, Strategy stated that returning STRC to its $100 par value remains a key objective.
MSTR is described as amplified bitcoin exposure. The company’s presentation showed MSTR delivering a 42% annualized performance since August 2020, compared with bitcoin’s 32%. President and CEO Phong Le said MSTR outperformed bitcoin across every rolling four-year holding period studied. Institutional participation has increased, with 13 of the 15 largest shareholders raising their combined positions by 27% in Q1.
Le described Strategy as the “JPMorgan of the crypto economy,” framing the company as a bitcoin-focused capital markets platform. Strategy also endorsed the CLARITY Act on July 31, calling it a framework for consumer protection and stronger U.S. capital markets.
The company also launched its Bitcoin Banking Adoption Index on July 13, which tracks banking sector bitcoin adoption.