Investment firm Bernstein increased its 2025 price target for MicroStrategy (MSTR) to $600, based on the potential growth of MicroStrategy’s Bitcoin holdings to about 4% of the total circulating supply by then. This bullish prediction comes after a 515% increase in MicroStrategy shares in 2021. MicroStrategy has recently purchased 51,780 BTC for about $4.6 billion and now holds a total of 331,200 BTC.
Bernstein’s report predicts growth in MicroStrategy’s Bitcoin holdings based on three factors: the sustainability of Bitcoin’s bull market, MicroStrategy’s liquidity position, and the company’s ability to scale its capital. With positive US regulatory expectations and growing institutional acceptance of Bitcoin, Bernstein is optimistic about Bitcoin’s current market strength.
MicroStrategy recently completed a large-scale BTC purchase, bringing their total holdings to 386,700 bitcoins. According to Bernstein’s “base case” scenario, MicroStrategy could hold about 830,000 BTC by 2033, potentially worth $830 billion if the price of Bitcoin reaches $1 million per coin.
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