If Bitcoin rose to $138,000, MicroStrategy would surpass Starbucks and Nike in market capitalization. With 439,000 BTC, MicroStrategy is the largest Bitcoin corporate holder, outperforming Marathon Digital's 40,435 BTC holdings by 985%. Analysts say that monitoring the price of BTC can directly predict the market cap potential of MSTR. According to MicroStrategy's Net Asset Value (NAV) worksheet, its fully diluted market cap is $114 billion, while the resulting MSTR NAV is around $40 billion. In terms of BTC held by MicroStrategy, every time BTC rises by $1,000, MSTR's market cap increases by about $440 million. As a result, with Bitcoin rising by only 11% to $118,810, MicroStrategy's market cap will surpass Starbucks' valuation ranking. For every BTC that rises by 32% to $140,000, MSTR's market cap will surpass Nike's. Surpassing Nike's market cap presupposes that MicroStrategy does not increase its current BTC holdings.