Twenty One Capital Could Validate MicroStrategy’s Bitcoin Playbook

“The proposed launch of Twenty One reflects the most-meaningful validation of Strategy’s bitcoin treasury operations to date,” the analysts wrote in a client note, adding that they remain “incrementally bullish” on MSTR stock.

A Potential Catalyst for Institutional Bitcoin Adoption

Far from signaling increased competition, TD Cowen suggests that Twenty One’s entry into the public markets could actually bolster confidence in Michael Saylor’s Bitcoin acquisition strategy—particularly among institutional investors who have been historically skeptical of such aggressive crypto treasury policies.

By attracting more capital and visibility to corporate Bitcoin accumulation, the analysts believe demand for BTC will intensify, potentially offsetting any increased pressure on MicroStrategy’s cost of capital.

“Certainly this is what Michael Saylor professes to believe,” they added, referencing the MicroStrategy founder’s longstanding push for more companies to follow his Bitcoin-centric treasury model.

READ MORE:

How to Invest in Bitcoin According to Former Goldman Sachs Executive

$550 Price Target and Bold BTC Holdings Forecast

TD Cowen has reaffirmed its $550 price target for MicroStrategy stock and projected a bold roadmap for the company’s Bitcoin holdings. The firm estimates that MicroStrategy could control 757,000 BTC by the end of fiscal year 2027, which would amount to approximately 3.6% of Bitcoin’s total supply.

Should Bitcoin average $170,000 in price by that time, TD Cowen expects the company’s BTC portfolio could be worth $129 billion—a massive boost to MicroStrategy’s balance sheet and shareholder value.

The post Twenty One Capital Could Validate MicroStrategy’s Bitcoin Playbook appeared first on Coindoo.