Bernstein Projects Strategy Holdings Skyrocket To 1 Million BTC By 2033
Bernstein analysts predict that Strategy, formerly MicroStrategy, could acquire over 1 million Bitcoin (BTC) by 2033, potentially holding 5% of the total supply. The firm assigns an "outperform" rating to Strategy's stock (MSTR) with a price target of $600, indicating a 75% upside from its current price of $335.26. Bitcoin is projected to reach $200,000 by the end of 2025, $500,000 by 2029, and $1 million by 2033, which could increase Strategy's earnings per share to $207 from $67.50. In a bullish scenario, Strategy's holdings may rise to 5.8% of the circulating supply, while a conservative estimate suggests 4%. Current holdings stand at 506,137 BTC, valued at approximately $33.7 billion. Strategy recently purchased an additional 6,911 BTC for $584.1 million. Despite challenges related to valuation and acquisition pace, Strategy remains a significant player in institutional Bitcoin accumulation.
