From Yahoo Finance: 2025-03-26 12:32:00

Strategy, formerly MicroStrategy, plans to increase its Bitcoin holdings to surpass 1 million, holding about 5% of Bitcoin’s total supply, analysts at Bernstein predict. The stock is trading at $335.26. Bernstein sees Bitcoin hitting $200,000 by 2025, $500,000 by 2029, and $1 million by 2033, with Strategy’s earnings per share expected to increase to $207. In a “bull case,” Strategy’s Bitcoin stack could reach 5.8% of the circulating supply.

Based on long-term price scenarios and debt structure, Bernstein assigns a 55% premium to Strategy’s Bitcoin treasury. The firm has an “outperform” rating on the stock with a $600 price target, suggesting a 75% upside. Strategy’s recent purchase of 6,911 Bitcoin brings its total to 506,137, bought at an average price of $66,608, representing $33.7 billion.

In a bullish scenario, Strategy’s Bitcoin stake could amount to 5.8% of the current 19.8 million Bitcoin in circulation. Bernstein views Strategy’s Bitcoin treasury as a core business, despite concerns around valuation and acquisition pace. Bitcoin’s price stands at $86,982.07, down by 1.33% in the last 24 hours. Strategy’s preferred stock STRF launched on Nasdaq today.



Read more at Yahoo Finance: Bernstein sees MicroStrategy holding millions in Bitcoin by 2033