American investor Michael Saylor, Chairman of MicroStrategy, stated that his company plans to own one million Bitcoin, approximately 5% of the total final supply of the cryptocurrency at 21 million Bitcoin, by the end of 2026.

The company currently holds approximately 738,731 Bitcoin, meaning it will need to purchase around 261,269 additional Bitcoin to achieve this goal.

With approximately 297 days remaining, or about 42 weeks until the end of 2026, the company will need to purchase an average of approximately 6.158 Bitcoin weekly to reach its target.

Bold Bitcoin Price Forecasts

Saylor revealed extremely optimistic predictions for the cryptocurrency, suggesting that Bitcoin could reach one million dollars within a period of 4 to 8 years.

He also predicted that the cryptocurrency could rise to 20 million dollars over approximately 20 years, should its global adoption continue as a store of value.

Unrealized Losses Despite Expansion

These statements come despite the company incurring unrealized losses estimated at approximately 3.35 billion dollars on its Bitcoin holdings due to price volatility.

MicroStrategy's market capitalization stands at approximately 47 billion dollars, while its Bitcoin holdings are valued at around 52.65 billion dollars, meaning the company's stock trades at a discount compared to its net asset value...

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