How many bitcoins will MicroStrategy have by the end of 2033: detailed analysts’ prediction

November 25, 2024 by cryptobreak

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Grigory Poperechny

25 November 2024.

In late October, it was revealed that MicroStrategy will raise $42 billion over the next three years. This money will be used to purchase additional bitcoins, which means the giant plans to cement its role as the largest holder of the first cryptocurrency among publicly traded companies. But what exactly is the volume of coins that could end up on the company’s wallets in the coming years? The experts of the Bernstein analytics platform shared their opinion on this matter.

MicroStrategy continues to acquire additional portions of BTC, which is happening for the third Monday in a row. Today, the giant reported the acquisition of 55.5 thousand bitcoins for $5.4 billion. Accordingly, the average value of the coin in this batch was $97,862.

Thus, the company has accumulated a total of 386,700 coins, in which it invested 21.9 billion. Well, the average purchase price of all BTC is equal to $56,761.

Rating of public companies by the number of accumulated bitcoins

As of today, all MicroStrategy bitcoins are valued at $37.7 billion, which is more than the total amount of coins at the disposal of all public companies in the rating.

Well, their number represents 1.84 percent of the total supply of the cryptocurrency right now. According to representatives of Bernstein, by the end of 2033, this figure will jump to 4 per cent, that is, more than double.

How many bitcoins does MicroStrategy have?

Bernstein analysts assume that the attraction of the above-mentioned 42 billion dollars will take place over the next eighteen months. The money will continue to be used to purchase BTC, which will make the giant own every 25 bitcoins in the world for ten years.

With this in mind, experts have raised their target forecast for MSTR’s share price to $600 by the end of 2025. Today, the figure stands at $421, while the share price has risen by 515 per cent since the beginning of the year.

MicroStrategy’s share price change in 2024

Here’s the relevant line from a fresh note to clients from analysts led by Gautam Chhugani. Its contents are cited by The Block.

In our view, MicroStrategy has brought an unprecedented model of Bitcoin vault management to Wall Street. This is a company obsessed with the ambitious goal of raising billions in global capital to invest in BTC.

Bernstein experts have previously raised their own MicroStrategy stock price targets, and successfully at that. In particular, in June, when MSTR was trading at the line of $148, analysts raised the level to $290.

Bernstein officials attribute their own forecast changes to three factors. These are:

Whether investors’ position structure is long Bitcoin, meaning they expect the cryptocurrency to rise;
Whether MicroStrategy has any insolvency risk or liquidity issues;
Whether the company has the ability to scale capital over the long term.

What did the company’s conclusion on each item turn out to be? Firstly, they have no doubt that the current state of the cryptocurrency market is assessed as bullish. This, in turn, is driven by expectations of better regulation of the industry given Donald Trump’s recent victory in the US presidential election, the growing interest of experienced institutional investors in crypto, and conditions in the macroeconomy such as lower base interest rate and inflation risks.

MicroStrategy executive chairman Michael Saylor

Second, MicroStrategy’s debt is long-term, unsecured and convertible. According to Chhugani, this implies little risk to the company’s balance sheet, despite the volatility of the first cryptocurrency.

Thirdly, the giant is making progress in the context of scaling capital and is ahead of plan to raise 42 billion, which is split equally between debt and equity. According to analysts, the company secured 3 billion in convertible debt and 6.6 billion in equity in November alone.

At this rate and with positive market conditions, MicroStrategy will be able to receive the full amount within 18 months instead of the originally planned three years. And in the base scenario of Bernstein analysts, the company will increase the amount of its own crypto savings to 830 thousand bitcoins.

Former head of MicroStrategy Michael Saylor

Overall, the company describes the behemoth as a “Bitcoin magnet that attracts the planet’s capital reserves.”

So for now, MicroStrategy is approaching the volume of coins held in the wallet of anonymous Bitcoin creator Satoshi Nakamoto. It is believed that the developer keeps 1.1 million BTC, which he himself will never touch again.

However, in theory, the creator of the first cryptocurrency can still earn on digital assets, while not revealing his identity. The details of such a theory were shared by the researchers of the BTCparser platform.

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Experts recalled that in 2010 in the Bitcoin network was created a mass of wallets that store exactly 50 coins each. And all of them remained inactive until November 2019, when transfers began to be made from such addresses.

The list of these wallets was called "megakit 2010", thus referring to the year of their creation.

Dorian Nakamoto, who is often portrayed as Bitcoin creator Satoshi Nakamoto

According to BTCparser representatives, Satoshi Nakamoto himself may be behind these addresses. Here is a quote from user Vladimir S. on the matter, as cited by Cointelegraph.

This is just my theory as a blockchain researcher. It may explain why Satoshi’s 2009 wallets remain untouched while the 2010 wallets are in use. If this is true, then we have before us a creator who has thought of everything in advance to preserve his anonymity.
Coinbase, where these coins are sent, probably knows more about who is behind it – unless this “whale” is operating through intermediaries.
Even if it’s not Satoshi, we’re talking about an interesting example of a hold and a reminder that millions of bitcoins may be waiting to return to the market. Something to ponder for anyone interested in the mysteries of blockchain.

This is how a BTC developer could forget about coins that were mined in 2009. Experts continue.

If Satoshi has access to a considerable supply of coins mined in 2010, he has no need to touch the original 2009 wallets. Using later coins gives him the opportunity to avoid unnecessary attention to the original accumulation, preserve anonymity and reduce the risk of revealing Nakamoto’s identity.

Dorian Nakamoto, who was once thought to be the real Satoshi Nakamoto.

However, this version most likely cannot be verified. Therefore, fans of decentralisation should not be disappointed in Satoshi’s personality and attribute greed to him.

As the events of recent years have shown, it is almost impossible to reveal the real identity of the creator of Bitcoin. Accordingly, the theory of BTCparser representatives will remain a theory in the future.

Look for more interesting things in our crypto chat. In it we will talk about other important topics that affect what is happening in the industry of digital assets.

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