TD Cowen Sees MicroStrategy Holding 900,000 BTC by 2027
TD Cowen forecasts that software firm MicroStrategy could accumulate 900,000 BTC by the end of 2027, underscoring the rapid expansion of MicroStrategy Bitcoin holdings. The projection follows MicroStrategy’s recent purchase of 430 BTC (worth $51.4 million) via a preferred stock issuance and a $680 share price target for MSTR. TD Cowen highlights catalysts including growing corporate Bitcoin adoption, potential S&P 500 inclusion, stable cloud revenue, and clearer crypto tax regulations. Hitting 900,000 BTC (about 4.3% of total supply) could enhance Bitcoin’s legitimacy and tighten market supply. While market volatility and acquisition costs present hurdles, MicroStrategy’s transparent leadership and consistent strategy support TD Cowen’s bullish outlook. Traders should monitor MicroStrategy Bitcoin holdings growth as a barometer of institutional demand and its potential effect on BTC price dynamics.
Bullish
TD Cowen’s projection is bullish for the crypto market as it underscores accelerating institutional accumulation of Bitcoin. MicroStrategy’s aggressive buying strategy has previously driven positive price momentum, notably following large purchases in early 2021. By targeting 900,000 BTC, MicroStrategy would command over 4% of Bitcoin’s total supply, tightening available supply and reinforcing bullish sentiment. In the short term, traders may react with increased buying pressure ahead of each corporate acquisition announcement, while in the long term, sustained corporate demand can support higher price floors and reduced volatility. This outlook mirrors past instances where major corporate investors like Tesla and Grayscale boosted market confidence, leading to extended bull runs.