PANews reported on November 25 that according to a Bernstein analyst report, MicroStrategy is expected to hold 4% of the world's Bitcoin supply by 2033, and its stock target price has been raised to $600 by the end of 2025. Analysts expect the company to complete its $42 billion Bitcoin purchase plan ($21 billion in debt financing and $21 billion in equity financing) in the next 18 months, and has currently completed $3 billion in convertible bond financing and $6.6 billion in equity financing.
MicroStrategy currently holds 331,200 bitcoins, with an average purchase price of $49,874, for a total cost of approximately $16.5 billion. According to analysis, its bitcoin holdings may reach 830,000 in the next decade, worth approximately $830 billion (assuming the bitcoin price reaches $1 million). Bernstein described MicroStrategy as a "bitcoin magnet that attracts global capital reserves."
Although MicroStrategy shares are trading at a 230% premium to the market value of its Bitcoin holdings, analysts believe that this premium may remain high during a Bitcoin bull market, providing support for the company's further financing and purchases of Bitcoin. However, there are also divergent opinions in the market, with some research institutions believing that the stock valuation is overheated and has recently experienced a correction of more than 20%.
