It was the strategy of buying Michael Sailor to buy believers and skeptics. But a new competitor has just appeared, already holding about $ 4 billion in BTC on its public budget – an upward sign, according to at least the Wall Street analyst.
When SoftBank, Tether, and Cantor Fitzgerland It plans to unveil a new Bitcoin investment company It is called twenty -one, explicitly organized around Bitcoin as its basic work, many called a mission for the Silor strategy (MSTR). You will classify Bitco Bitcoin, which holds one day on the third day of Bitcoin on the first day.
In traditional financing, one can argue that such large competition can hinder the market share of the market and capital lifting, especially since there is already twenty -one launched with more than 42000 BTC at launch (at a value of $ 4 billion at an immediate price).
However, TD Cowen Lance Vitanza and Jonnathan Navarrete sees as the exact opposite: “The proposed launch of a single Twenty reflects the most validated treasury in Bitcoin strategic Bitcoin so far,” leaving analysts “increasing difficulties” on stocks.
Analysts added that the new competitor can transform the largest skeptics of MSTR, institutional investors, into believers in the Bitcoin purchase strategy in Sailor. This step will also increase the demand for Bitcoin from a high -level participant, which may exceed any pressure on the cost of strategic capital and attract more capital to bitcoin.
“This is definitely what Michael Celor announces to believe,” the analysts wrote, noting the batch of the founder of the strategy for a long time for more companies to adopt similar strategies.
TD Cowen maintained its target target of $ 550 for MSTR and projects that the company can keep 757,000 BTC by the end of the fiscal year 2027 – about 3.6 % of the total offer in Bitcoin. Analysts said that if the price of Bitcoin is average price of $ 170,000 by that time, TD Cowen estimates that hiddenness may amount to $ 129 billion.
The bullish effect of this competition is already prominent in the market. Cantor Equity Partners (CEP), a TON One, has increased by 130 % since the announcement, while MSTR shares have been strong.
Read more: Cantor Skyrockkets 130 % as stock traders on Bitcoin Spac Frenzy
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