Odaily Planet Daily News Analysis firm Bernstein said in a client report that Strategy is expected to double its Bitcoin holdings to 1 million. After disclosing the latest Bitcoin holdings data, Bernstein has rated the company as outperforming the market, with a target share price of $600 and a 75% upside.
In addition, Bernstein analysts expect Bitcoin to reach a cyclical peak of around $200,000 by the end of 2025, $500,000 by the end of 2029, and $1 million by the end of 2033, with intermittent one-year bear markets.
On Monday, Strategy announced that its total holdings had exceeded 500,000 BTC after it purchased another 6,911 Bitcoins for an average of $84,529 per Bitcoin between March 17 and March 23 for about $584.1 million in cash. (TheBlock)