MicroStrategy, the largest institutional holder of Bitcoin, is on an accelerated path to exceed its capital raising targets and further expand its cryptocurrency holdings, according to Mizuho Securities. The firm has issued a new “outperform” rating on MicroStrategy, citing strong Bitcoin adoption trends and favorable market conditions.
Over the past year, MicroStrategy’s stock price has surged 570%, driven by its aggressive Bitcoin accumulation strategy. Mizuho analysts led by Dan Dolev predict that Bitcoin could gain another 30% annually through 2027, fueled by rising adoption and a more crypto-friendly political environment under US President Donald Trump.
Mizuho’s analysis reveals a 79% correlation between Bitcoin adoption growth, measured by the number of wallet addresses above 0.01 BTC, and Bitcoin’s price. If this trend continues, analysts predict that Bitcoin could gain 25-30% annually, further developing MicroStrategy’s strategy of using debt and equity issuance to increase its diluted Bitcoin per share.
As of Jan. 27, MicroStrategy controls 471,107 BTC worth over $46 billion. The company is currently trading at a 75% premium to the underlying value of its holdings.
MicroStrategy’s first-mover advantage in institutional Bitcoin accumulation has positioned it for significant size. The company’s “21/21 Plan” aims to raise $21 billion in both debt and equity by 2027 to support Bitcoin purchases. Since announcing the plan in October, MicroStrategy has raised $3 billion in debt and $18 billion in equity, putting it ahead of schedule, Mizuho said.
Mizuho estimates that by the end of 2027, MicroStrategy could own 783,000 BTC assuming a market price of $166,000 per Bitcoin, which would imply a Bitcoin portfolio worth around $130 billion.
*This is not investment advice.
Source: https://en.bitcoinsistemi.com/will-microstrategy-keep-buying-bitcoin-heres-how-much-they-will-accumulate-and-forecast-for-btc-price-in-2027/