Bitcoin News Today: Michael Saylor's firm targets 900,000 BTC by 2027 via $84B capital plan Bitcoin per share up 20.8%

Michael Saylor’s company continues to expand its position as the world’s largest publicly listed Bitcoin holder, with strategic moves aimed at accumulating 900,000 BTC by 2027. The firm’s approach has sparked debate, but analysts argue its stock premium over Bitcoin’s net asset value (NAV) is justified by its unique capital structure and financial engineering. As of now, the company holds 607,770 BTC, a figure expected to grow significantly in the coming years under its aggressive acquisition plan.

Analysts from a global investment bank have endorsed the firm’s premium, dismissing skepticism that its stock should trade in line with Bitcoin’s NAV. They highlight the company’s access to low-cost capital as a key differentiator. Recent financial maneuvers, such as a $739.8 million equity offering, have enabled the purchase of 6,220 BTC at an average price of $118,940 per coin. Additionally, the firm generated 3,077 BTC in profit through Bitcoin price appreciation without issuing new shares, demonstrating a self-reinforcing “flywheel” effect.

The company’s 42/42 plan, which aims to raise $84 billion through a blend of equity and debt by 2027, is central to its strategy. With a projected blended borrowing rate of 0.421%, the firm can scale Bitcoin holdings per share without diluting existing shareholders. This model creates a “yield” effect not replicable by ETFs or individual investors, offering a structural advantage in institutional Bitcoin adoption. The plan’s name reflects its dual objectives: $84 billion in capital and 42/42 BTC per share by 2027.

Recent capital efficiency is further bolstered by the launch of “Stretch” preferred stock, a financial instrument designed to raise funds without diluting common shareholders. This tool, along with the firm’s existing capital flywheel, enables continuous Bitcoin acquisition while maintaining shareholder value. Since January 1, the company has increased Bitcoin per share by 20.8%, doubling its per-share holdings compared to 18 months ago.

Analysts project the firm could hold 900,000 BTC by 2027, representing approximately 4.3% of the total Bitcoin supply. This target aligns with broader trends in institutional Bitcoin adoption and regulatory clarity, which the firm is positioned to leverage. A $680 price target for the company’s stock reflects confidence in its ability to sustain its NAV premium through innovative capital strategies.

Critics argue the current stock valuation relies on speculative momentum, but analysts counter that the firm’s financial engineering creates intrinsic value. By combining low-cost borrowing with Bitcoin’s long-term appreciation potential, the firm’s model challenges traditional assumptions about corporate asset allocation. As the corporate Bitcoin race intensifies, the firm’s approach could set a blueprint for institutional investment in the cryptocurrency space.