As of September 25, 2026, the market capitalization of Strategy Inc. reached $60,94 billion, surpassing the $60,10 billion valuation of First Abu Dhabi Bank. Five years ago, the company was valued at less than $2 billion.
Strategy, formerly known as MicroStrategy and trading under the ticker MSTR, holds over 840 000 Bitcoin. The firm accumulated this position through equity issuances, convertible notes, and preferred stock offerings, which tripled its outstanding shares since 2020.
Executive chairman Michael Saylor initiated the transition to a Bitcoin treasury model in 2020. The company now functions similarly to a leveraged Bitcoin ETF, utilizing debt and stock offerings to fund acquisitions while implementing share buybacks and limited Bitcoin sales.
First Abu Dhabi Bank manages AED 1,4 trillion in total assets and reported a net profit of AED 10,7 billion for the first half of 2026. Despite these figures, the stock market currently assigns a higher valuation to the Bitcoin-focused treasury strategy.
