{"id":18891,"date":"2024-11-25T17:12:25","date_gmt":"2024-11-25T15:12:25","guid":{"rendered":"https:\/\/forklog.com\/en\/microstrategy-expands-bitcoin-holdings-analysts-predict-reserves-could-reach-4-of-total-supply\/"},"modified":"2024-11-25T17:12:25","modified_gmt":"2024-11-25T15:12:25","slug":"microstrategy-expands-bitcoin-holdings-analysts-predict-reserves-could-reach-4-of-total-supply","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/microstrategy-expands-bitcoin-holdings-analysts-predict-reserves-could-reach-4-of-total-supply\/","title":{"rendered":"MicroStrategy Expands Bitcoin Holdings, Analysts Predict Reserves Could Reach 4% of Total Supply"},"content":{"rendered":"<div class=\"wp-block-text-wrappers-keypoints article_keypoints\">\n<ul class=\"wp-block-list\">\n<li>Bernstein experts predict that by the end of 2033, MicroStrategy will own 4% of the total bitcoin supply \u2014 830,000 BTC at a price of $1 million.<\/li>\n<li>On November 25, the company additionally acquired 55,500 BTC at ~$97,862.<\/li>\n<\/ul>\n<\/div>\n<p>By the end of 2033, MicroStrategy <a href=\"https:\/\/www.theblock.co\/post\/328025\/microstrategy-4-per-cent-of-bitcoin-bernstein-price-target-600-usd\">is expected<\/a> to increase its bitcoin reserves from 1.7% to 4% of the total coin supply. This conclusion was reached by analysts at the brokerage firm Bernstein.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cIn our view, MicroStrategy&#8217;s bitcoin treasury model is unprecedented for Wall Street,\u201d the experts noted.<\/p>\n<\/blockquote>\n<p>In light of the positive trend, the broker adjusted its forecast for MicroStrategy&#8217;s (MSTR) stock price from $290 to $600 by the end of the year. Experts pointed to factors influencing growth:<\/p>\n<ul class=\"wp-block-list\">\n<li>the state of the bitcoin market;<\/li>\n<li>liquidity or insolvency risks for the company;<\/li>\n<li>its ability to scale capital in the long term.<\/li>\n<\/ul>\n<p>Analysts believe bitcoin has entered a long-term bull cycle amid expectations of support from the new US government. Due to the nature of MicroStrategy&#8217;s debt obligations, risks to its balance sheet remain minimal despite bitcoin&#8217;s volatility.\u00a0<\/p>\n<p>The company also exceeds its plan to raise $42 billion in capital over the next three years, having raised nearly $10 billion in the past month alone.\u00a0<\/p>\n<p>According to Bernstein&#8217;s estimates, in the \u201cbase\u201d scenario by the end of 2033, MicroStrategy will acquire 4% of bitcoin&#8217;s issuance \u2014 its reserves will amount to approximately 830,000 BTC at a price of $1 million.<\/p>\n<p>Bloomberg Opinion columnist Lionel Laurent, on the other hand, considers the company&#8217;s bitcoin purchasing strategy unsustainable in the long term. In his view, a drop in the price of the first cryptocurrency by 50% or more poses a threat to MicroStrategy.\u00a0<\/p>\n<p>BitMEX experts believe that liquidation of its cryptocurrency reserves will not occur as long as bitcoin&#8217;s price remains above $15,000.<\/p>\n<h2 class=\"wp-block-heading\">MicroStrategy Buys More Bitcoin<\/h2>\n<p>On November 25, MicroStrategy founder Michael Saylor announced the purchase of an additional 55,500 BTC at a rate of ~$97,862.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">MicroStrategy has acquired 55,500 BTC for ~$5.4 billion at ~$97,862 per <a href=\"https:\/\/twitter.com\/hashtag\/bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#bitcoin<\/a> and has achieved BTC Yield of 35.2% QTD and 59.3% YTD. As of 11\/24\/2024, we hodl 386,700 <a href=\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BTC<\/a> acquired for ~$21.9 billion at ~$56,761 per bitcoin. <a href=\"https:\/\/twitter.com\/search?q=%24MSTR&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$MSTR<\/a> <a href=\"https:\/\/t.co\/79ExzXk4UM\">https:\/\/t.co\/79ExzXk4UM<\/a><\/p>\n<p>\u2014 Michael Saylor\u26a1\ufe0f (@saylor) <a href=\"https:\/\/twitter.com\/saylor\/status\/1861033309934862601?ref_src=twsrc%5Etfw\">November 25, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Currently, the company controls 386,700 BTC. The coins were purchased at an average price of $56,761, totaling approximately $21.9 billion.<\/p>\n<p>According to Saylor, the yield on MicroStrategy&#8217;s bitcoin reserve has increased by 35.2% since the start of the quarter and by 59.3% since the start of the year.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-qw.googleusercontent.com\/docsz\/AD_4nXdeuFOKSf-hyScnG_eIxN1S3rKY3qloCQl7XFSDcsdzAcf8QpVO43VGlj3lTt0Lz_KPA9oLMteziAH9wkvHjTCObn-qrw1wGvU5y5WtpYLD4nLa7e_fMnCOtVlcusq79nCuBS_5Qg?key=F5zgRbTKuwkfZCptSmol4jeD\" alt=\"MicroStrategy Expands Bitcoin Holdings, Analysts Predict Reserves Could Reach 4% of Total Supply\"\/><figcaption class=\"wp-element-caption\">Hourly chart MSTR\/USD on Nasdaq. Data: <a href=\"https:\/\/ru.tradingview.com\/chart\/?symbol=NASDAQ%3AMSTR\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>At the time of writing, the company&#8217;s shares are trading at $440 in Nasdaq premarket. The firm&#8217;s market capitalization is $94.79 billion.<\/p>\n<p>Since August 2020, when MicroStrategy adopted bitcoin as its primary reserve asset, its market capitalization has increased 50-fold.<\/p>\n<p>Previously, Saylor stated his intention to transform the company into a bitcoin bank with a market value of $1 trillion.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bernstein experts predict that by the end of 2033, MicroStrategy will own 4% of the total bitcoin supply \u2014 830,000 BTC at a price of $1 million. On November 25, the company additionally acquired 55,500 BTC at ~$97,862. By the end of 2033, MicroStrategy is expected to increase its bitcoin reserves from 1.7% to 4% [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":18890,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1643,18,1207,1150],"class_list":["post-18891","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bernstein","tag-bitcoin","tag-microstrategy","tag-news-plus"],"aioseo_notices":[],"amp_enabled":true,"views":"23","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/18891","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=18891"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/18891\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/18890"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=18891"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=18891"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=18891"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}