Bernstein Believes MicroStrategy (MSTR) Could Eventually Acquire 4 Percent of The Global Bitcoin Supply, Up From The Current 1.7 Percent Holding

As anticipation builds around Bitcoin hitting the psychologically critical $100,000 price level, MicroStrategy (MSTR) has emerged as one of the most potent near-term bullish influences on the cryptocurrency's price trajectory, thanks to the firm's relentless buying of Bitcoin. Today, MSTR has provided another bullish impetus by announcing its next batch of BTC purchases.

To wit, in what constitutes a new record, MicroStrategy has just disclosed that it recently acquired 55,500 BTC at a total cost of $5.4 billion.

This brings MicroStrategy's total Bitcoin holdings to 386,700 BTC, with an average cost basis of just $56,761.

Bear in mind that MicroStrategy recently announced plans to sell notes worth $2.6 billion, up from its previous plans to raise $1.75 billion.

Meanwhile, as per a new analysis by Bernstein, MicroStrategy could hold as much as 4 percent of the global Bitcoin supply by the end of the "next decade." For reference, the firm currently holds 1.7 percent of the world's BTC.

Of course, MicroStrategy's BTC-based binge buying is currently having a "tail wags the dog" effect on Bitcoin, as per a separate analysis by 10x Research.

Do note that as Bitcoin's price continues to consolidate just below the $100,000 price level, the market appears poised to switch to Ethereum as the next big momentum engine. However, MicroStrategy's continuing BTC purchases have forced traders and analysts alike to remain glued to Bitcoin's price action.

For those wondering why Bitcoin continues to consolidate, the short-term profit-taking from institutions ahead of the year-end rebalancing is likely to blame.

Meanwhile, Bitcoin withdrawals from exchanges are accelerating  This is usually considered a bullish signal as off-exchange BTC balances are typically headed towards cold storage.

And, Bitcoin's supply/demand imbalance continues to favor the bulls.

Finally, as per an analysis by Rekt Capital, if Bitcoin does not experience a strong rejection from current levels, a push beyong $100,000 is virtually assured.

About the author: Writing is my one incontrovertible passion. Over the past six years, he has authored over 2,200 distinct articles on financial and tech-related topics, spanning nearly 1 million words. And he has been a member of Wcctech mobile team since 2025. As an alumnus of the University of Toronto, Rotman Commerce Program, I bring nuance, in-depth knowledge, and a unique perspective to every topic that I cover. When I'm not writing, I'm traveling the world, exploring hidden confectionaries and restaurants as an aspiring food connoisseur.

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