Strategy's Bitcoin Holdings Exceed 700K as Accumulation Continues
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 5h ago
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Source: Coinmarketcap
- Ongoing Acquisition Strategy: Bitcoin price has dropped 2% in the last 24 hours to $89,544, yet CEO Michael Saylor hinted at another potential purchase, indicating that Strategy's aggressive accumulation strategy is far from over.
- Historic Acquisition: The company recently acquired 22,305 BTC at an average price of $95,284, totaling $2.13 billion, raising its holdings to 709,715 BTC, making it the first company to surpass 700,000 BTC, showcasing its significant influence in the crypto market.
- Rising Market Expectations: Polymarket data shows a 63% probability that Strategy will hold at least 740,000 BTC by February 28, with an 83% chance of exceeding 800,000 BTC by year-end, reflecting investor confidence in its ongoing accumulation.
- Improved Capital Structure: Strategy's perpetual preferred equity (STRC) has a market cap of $3.36 billion and offers an 11% dividend, attracting more investors and reducing bankruptcy risk, thereby enhancing the company's long-term competitiveness in the Bitcoin market.
Analyst Views on BTC
Wall Street analysts forecast BTC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BTC is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
