Is Twenty One the Next Bitcoin Whale? Analysts Say Yes
Strategy (NASDAQ: MSTR) (formerly MicroStrategy) could see potential stock gains following the launch of Twenty One, a new Bitcoin-focused company backed by Tether, SoftBank, and Strike CEO Jack Mallers.
TD Cowen analysts Lance Vitanza and Jonnathan Navarrete called Twenty One’s debut the “most meaningful validation” of Strategy’s Bitcoin treasury approach, raising their optimistic outlook for the stock.
Also read: 13,000 Institutions Now Back Strategy’s $44.9B Bitcoin Bet
Twenty One’s Strategy (Source: SEC Filings)
As of April 24, 2025, MSTR closed at $350.34, with after-hours trading at $353.86 (+1.00%). TD Cowen maintains a $550 price target, which is a very high price upside projection.
Strategy Stock Chart (Source: YahooFinance)
The analyst predicts Strategy could hold 757,000 BTC by fiscal year 2027, which could potentially be valued at $129 billion if Bitcoin averages $170,000, further making investors have confidence in its long-term worth.
A New Bitcoin Titan: What Twenty One Means for Strategy
Twenty One, who aims to own over 42,000 BTC, could rank as the third-largest corporate Bitcoin holder if it accumulates the desired amount of Bitcoin. This would place it behind Strategy, who currently holds 538,200 BTC, and MARA Holdings with its 47,531 BTC stash.
Also read: ARK Invest Boosts Bitcoin Price Forecast to $2.4M on Supply and Demand Shift
Corporate Holders of Bitcoin (Source: Twenty One SEC Filings)
Launched through a merger with Cantor Equity Partners, Twenty One’s goal is to provide capital-efficient Bitcoin exposure through debt and equity products, lending platforms, and educational programs.
Since April 23, 2025, Cantor Equity Partners’ shares have surged 130%, a sign of strong market interest.
Analysts also view Twenty One’s strategy as a step toward mainstreaming corporate Bitcoin adoption, possibly driving demand and indirectly benefiting Strategy.
“This reflects growing institutional acceptance, potentially converting MSTR’s skeptics into believers,” TD Cowen stated, pointing to the competitive yet supportive market dynamic.
Also read: Bitcoin Nears $100K, But Liquidity Warning Flashes from Stablecoin Market
Can Strategy Weather Bitcoin’s Volatility Storm?
Despite the positive sentiment on the launch of Twenty One, risks still linger. With Strategy stock up 161.49% over the past year, it is closely tied to Bitcoin’s price, introducing volatility.
Twenty One could attract capital that might otherwise flow to MSTR, though analysts suggest rising Bitcoin demand may offset this competition.
As the regulatory stance in the crypto sector continues to remain uncertain, there are no specific restrictions reported as of April 25, 2025. MSTR’s 52-week range of $101.00 to $543.00 signals volatility, warranting caution.
