On January 31, according to The Block, Mizuho Securities believes that Bitcoin's price has an upside of 30% over the next three years, which is why the company has rated MicroStrategy's stock as outperform. Led by analyst Dan Dolev, Mizuho noted that Bitcoin's adoption is becoming increasingly widespread globally, and the political environment under U.S. President Donald Trump is also more favorable.
Assuming the adoption rate continues to follow the same trajectory until 2027, this implies that Bitcoin's price will increase by 25-30% each year. By the end of 2027, MSTR's Bitcoin holdings are expected to reach 783,000 coins, with the market price of Bitcoin rising to $166,000, which means MSTR's holdings will be valued at $130 billion.