Bitcoin Rivalry Heats Up: MSTR’s Strategy Gets a Boost from Surprising New Competitor

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What You Simply Must Know:

  • TD Cowen declares that Twenty One’s bitcoin-heavy setup is practically a love letter to Strategy’s own model, giving it a thumbs-up.
  • They cheekily dubbed it the biggest “validation” of MSTR’s bitcoin treasury yet. Well, who knew?
  • Analysts are sticking with a $550 target price for MSTR, forecasting a cool $129 billion in bitcoin holdings by 2027. Cue the dramatic music!

Ah, Michael Saylor’s bitcoin buying strategy. It’s had its fair share of cheerleaders and skeptics. But just when you thought things couldn’t get more thrilling, along comes a new contender. This plucky upstart has already stashed nearly $4 billion in BTC, and, according to at least one Wall Street analyst, that’s a very good thing. Hold on to your hats!

When SoftBank, Tether, and Cantor Fitzgerald announced the birth of a new bitcoin-focused investment company, called “Twenty One” (why not “Bitcoin Bonanza,” but I digress), many thought they were launching a full-on assault on Saylor’s Strategy (MSTR). I mean, who needs sleep when there’s a new rival entering the fray, poised to snag the title of “third-largest bitcoin holder” right out of the gate?

Now, traditional finance folk might assume this competition would be bad news for Saylor’s team, who might face some uncomfortable competition for market share and, heaven forbid, capital-raising opportunities. But fear not, dear reader, because TD Cowen analysts Lance Vitanza and Jonnathan Navarrete are seeing things through their rose-colored glasses. “The launch of Twenty One? Well, that just validates MSTR’s bitcoin treasury operations. We’re feeling good about it,” they declared, all the while sharpening their pencils for some more optimistic analysis.

It seems the new rival could even work its magic on the skeptics—specifically institutional investors, those elusive creatures who once viewed MSTR’s strategy with a raised eyebrow. And let’s not forget the extra demand for bitcoin itself, which could do wonders for the price. What a time to be alive.

“Just as Michael Saylor has been passionately advocating for,” the analysts remarked, “This could convert even the hardest of skeptics into believers.” Imagine that: bitcoin fans everywhere, uniting under the banner of good ol’ Saylorism. Not that Michael Saylor minds. I’m sure he’s casually pushing more companies to adopt his genius plan as we speak.

So, TD Cowen is sticking with their $550 price target for MSTR, predicting a bitcoin haul of 757,000 BTC by the end of 2027. That’s about 3.6% of bitcoin’s total supply. And, if the price of bitcoin magically hits $170,000 by then (crossing fingers), that stash could be worth a jaw-dropping $129 billion. No biggie, right?

The drama doesn’t end there, folks. Cantor Equity Partners (CEP), the SPAC vehicle for Twenty One, has already surged by a whopping 130% since the announcement. Meanwhile, MSTR’s stock? It’s holding its ground like a seasoned gladiator. Get your popcorn, because this rivalry is only just getting started.

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2025-04-24 20:45