MicroStrategy's stock has surged 546% this year, pushing its market cap to $99.4 billion, largely due to its substantial Bitcoin holdings of 439,000 BTC. If Bitcoin reaches $138,000, MicroStrategy could surpass Starbucks and Nike in market valuation, with a potential market cap of $114 billion. Analysts suggest that the company's debt, currently at $7 billion, is manageable compared to its Bitcoin assets valued at around $47 billion, although concerns about its debt-based acquisition strategy persist.