It should be clear by now that Strategy will pass 1,000,000 ВТС.

If Bitcoin follows any major power-law path, the math converges on the same outcome.

Give BTC enough time on a power curve and it clears $1M, $5M, even $10M per coin.

At $1M BTC, MSTR NAV is $1 trillion.

At $5M BTC, NAV is $5 trillion.

At $10M BTC, NAV is $10 trillion.

Then apply market NAV multiples and equity leverage like today.

Even a 1.5x mNAV turns $5T NAV into a $7.5T equity valuation.

A 2x mNAV turns $10T NAV into $20T.

Three different power-law trajectories, one destination:

MSTR becomes the most valuable