MicroStrategy Ramps Up Bitcoin Reserves, Outpacing Capital Targets

MicroStrategy is rapidly surpassing its capital-raising goals as it continues expanding its Bitcoin holdings, according to Mizuho Securities.

The firm has given MicroStrategy an “outperform” rating, highlighting strong Bitcoin adoption trends and market conditions that support its strategy.

Over the past year, MicroStrategy’s stock has skyrocketed 570%, driven by its aggressive Bitcoin acquisitions. Mizuho analysts predict Bitcoin could climb 30% annually through 2027, supported by increased adoption and a more crypto-friendly U.S. administration.

Their research indicates a strong link between the number of wallets holding at least 0.01 BTC and Bitcoin’s price growth. If this pattern holds, further price appreciation could reinforce MicroStrategy’s approach of using debt and equity issuance to expand its Bitcoin reserves.

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As of January 27, the company holds 471,107 BTC, valued at over $46 billion, with its stock trading at a 75% premium over its holdings. MicroStrategy’s “21/21 Plan,” launched in October, aims to raise $21 billion through debt and equity by 2027. So far, it has secured $3 billion in debt and $18 billion in equity, putting it ahead of schedule.

By 2027, Mizuho projects MicroStrategy could own 783,000 BTC, assuming Bitcoin reaches $166,000, potentially valuing its portfolio at around $130 billion.

Kosta Gushterov