The post Michael Saylor’s Strategy Eyes 900,000 Bitcoin by 2027 appeared first on Coinpedia Fintech News
Michael Saylor’s Strategy continues to lead the corporate Bitcoin race, now holding the title of the world’s largest publicly listed Bitcoin holder. Despite ongoing debate, its stock trades at a significant premium over its Bitcoin net asset value (NAV), and analysts say it’s justified.
In a recent interview with The Block, analysts from global investment bank TD Cowen, Lance Vitanza and Jonnathan Navarrete, supported the view that Strategy’s premium is rational. They dismissed critics who argue that the stock should track its Bitcoin NAV directly, calling such views “logically flawed.”
As of now:
Rather than being overvalued, TD Cowen believes Strategy’s ability to access low-cost capital sets it apart.
Skeptics claim Strategy’s premium is driven by a speculative bubble—a belief that someone else will buy in at a higher price. However, TD Cowen analysts argue that Strategy’s financial engineering, particularly its “42/42” plan, creates intrinsic value.
The 42/42 plan aims to raise $84 billion in equity and debt by 2027. With a blended borrowing rate of just 0.421%, Strategy can:
Strategy’s flywheel approach fuels continuous Bitcoin accumulation. Recently:
Since January 1, Bitcoin per MSTR share is up 20.8%, doubling compared to 18 months ago. This efficiency amplifies returns beyond typical NAV-based models.
The recent launch of “Stretch” (STRC) preferred stock further supports Strategy’s capital efficiency, offering more tools to expand its Bitcoin holdings without dilution.
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With 607,770 BTC already under its belt, Strategy remains the largest public Bitcoin holder. TD Cowen predicts:
They also maintain a $680 price target on MSTR, citing:
Michael Saylor’s Strategy isn’t just stacking Bitcoin—it’s reshaping how corporations invest. Backed by low-cost capital, long-term vision, and a capital flywheel, TD Cowen believes this NAV premium is not only sustainable but a blueprint for corporate Bitcoin dominance.
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