Yes

>>The strategy could gain value in 2026 if Michael Saylor continues to suggest buying more Bitcoin than he sells.

The strategy could gain value in 2026 if Michael Saylor continues to suggest buying more Bitcoin than he sells.

crypthub

about 2 hours ago

Bitcoin Accumulation & Market Position

Strategy bought 145,834 Bitcoin since January, spending about $11 billion at prices below its $75k average cost. JPMorgan expects 2026 purchases to reach $30 billion, higher than the $22 billion spent in each of the prior two years. Holdings now total 818,334 BTC, worth over $65 billion, the largest corporate stash. Michael Saylor’s “Buy more bitcoin than you sell” tweet emphasizes a net‑positive stance.

Preferred Stock Financing & Dividend Impact

Strategy leans on its perpetual preferred stock, STRC, with an 11.5 % yield and an annual dividend around 2.2 % of Bitcoin’s value—about $1.5 billion. Saylor noted future Bitcoin sales could fund these payments, but purchases via STRC and equity issuance outpace any needed sales. STRC’s face value exceeds $8.5 billion, limiting dilution for current shareholders.

Analyst Outlook & Price Target

TD Cowen lifted its MSTR price target to $395, suggesting over 110 % upside from $186.82, citing improved capital efficiency from STRC. BTC‑yield forecasts rose to 18.2 % for FY2026 and 9.6 % for FY2027, assuming Bitcoin hits $140 k by year‑end, with a bullish $175 k case. Ongoing buying and a stable or rising BTC price are critical to sustain dividend economics and the upside.