Siebert Financial analyst Brian Vieten estimates that Strategy could own approximately 1.04 million Bitcoin by the third quarter of 2027, compared with roughly 849,327 BTC in early November 2026. He maintains a Buy rating and a $350 price target for MSTR, based on a Bitcoin price of $175,000 and a market net asset value multiple of 1.1. Vieten also forecasts about $16 billion in new preferred equity issuance, branded as “digital credit,” between the fourth quarter of 2026 and the third quarter of 2027 to fund additional Bitcoin purchases. According to the firm, approximately $73 billion in Bitcoin reserves backs $13 billion of outstanding digital credit. The analysis cites Bitcoin ETF inflows, reduced selling pressure from miners and regulatory clarity that could encourage institutional participation as supporting factors.
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