Nobody can predict exactly when (or if) MSTR will hit $1,000 per share—it’s highly speculative and almost entirely tied to Bitcoin’s price, market sentiment, and MicroStrategy’s (now rebranded as Strategy) ongoing BTC accumulation.
As of February 20, 2026, MSTR trades around $130–$131 (down ~60–70% from its 52-week high near $457). It would need roughly a 7.7x gain from here. The stock acts as a leveraged Bitcoin proxy: the company holds 717,131 BTC (worth ~$48.5B at BTC ~$67,500–$68,000), acquired at an average cost of ~$76,027 (total ~$54.5B). With ~280–330M shares outstanding (basic ~312M, diluted/implied higher due to ongoing issuance), that’s roughly 0.0022–0.0025 BTC per share. Market cap is $37–$44B, trading near or slightly below net asset value (NAV) after debt ($8B) and cash buffers.
What BTC Price Would Likely Get MSTR to $1,000?
- MSTR historically traded at a premium to its BTC NAV (1.5–3x+ in bull markets) due to leverage from debt/equity issuance for more BTC buys. It now trades at ~1x or a discount amid dilution and unrealized losses.
- Rough math (ignoring minor software business, further dilution, or debt changes):
- At 1x NAV: Needs BTC ~$350k–$400k.
- At 1.5–2x premium (plausible in a strong bull): Needs BTC ~$150k–$250k.
- Articles and analysts (e.g., TradingKey, Bitcoin Magazine analyses) commonly cite BTC at $150k–$200k as the threshold for MSTR ~$1,000, assuming continued “Bitcoin yield” (growing BTC per share) and premium return.
MicroStrategy keeps buying aggressively (e.g., +2,486 BTC for $168M in mid-Feb 2026), funded by stock/preferred issuance and debt. This dilutes shareholders but aims to boost BTC holdings long-term (now ~3.4% of all BTC).
Analyst and Model Predictions for Timelines
- Short-term (2026): Consensus analyst targets are ~$350–$400 (some highs ~$700). Optimistic crypto bulls (e.g., some Fundstrat/Tom Lee echoes, Kaleo-style views) see $600–$1,000+ possible by late 2026–early 2027 if BTC rallies hard.
- BTC forecasts for 2026: Wide range—conservative $80k–$150k; bulls $200k+ (some $225k–$250k calls from Wall Street/crypto