Tom Lee Says MSTR Could Become 'One Of the Largest Companies' As Strategy Adds $800M In Bitcoin - Strategy (NASDAQ:MSTR)

Core Insights - Strategy Inc. disclosed a significant Bitcoin purchase of $835.6 million for the week ending Nov. 16, acquiring 8,178 BTC at an average price of $102,171 per coin [1][5][7] - Tom Lee suggested that Strategy Inc. could become one of the largest companies globally if Bitcoin reaches seven figures, emphasizing that the company's valuation is primarily based on its Bitcoin holdings rather than net income [2][4] - The company holds a total of 649,870 BTC, purchased at a total cost of $48.37 billion, with a blended average price of $74,433 [8] Company Valuation and Market Position - Tom Lee compared Strategy Inc. to Exxon Mobil Corp., stating that it could replace Exxon in market lore due to its Bitcoin holdings [3] - The company's aggressive Bitcoin accumulation strategy follows a volatile period in the cryptocurrency market, with all net proceeds from preferred stock sales directed towards Bitcoin purchases [8] Stock Performance and Market Sentiment - Despite the large Bitcoin purchase, Strategy Inc. shares are experiencing intense selling pressure, trading near $200 after breaking several major support levels [11] - The stock has shown a consistent pattern of lower highs and lower lows since August, indicating a bearish trend [12] - Key support levels are identified at $195, with potential for a deeper fall if this level is breached [14]