TD Cowen Raises MicroStrategy Target Price to $680, Predicts Bitcoin at $155,000

Strategy, formerly MicroStrategy, solidifies its title as the largest corporate Bitcoin holder with 3% of all BTC in circulation, reflecting its significant market influence.

BTC

Summary

Strategy, previously known as MicroStrategy, has disclosed that it owns 3% of all Bitcoin in circulation, totaling 601,550 BTC. This amount represents one out of every 33 BTC mined to date. The company's Bitcoin holdings, valued at approximately $71 billion, reflect an unrealized gain of nearly $30 billion, with a cumulative investment of $42.87 billion. To hold 3% of Bitcoin's capped supply of 21 million, Strategy would need to acquire an additional 29,000 BTC.

Terms & Concepts
  • Bitcoin (BTC): A decentralized digital currency that enables peer-to-peer transactions without the need for intermediaries.
  • MicroStrategy: A business intelligence company known for its significant investments in Bitcoin, making it the largest publicly traded Bitcoin holder.
  • Cumulative Cost: The total expense incurred in acquiring an asset over time, including all purchases and associated costs.