Siebert projects Strategy could acquire 190,000 Bitcoin by Q3 2027

Siebert Financial analyst Brian Vieten keeps a Buy rating and $350 target on MSTR, modeling a Bitcoin stack above 1 million coins Strategy already holds more Bitcoin than any other public company. Siebert Financial thinks it is nowhere near done. Siebert analyst Brian Vieten projects that Strategy could own approximately 1.04 million Bitcoin by the third quarter of 2027. He also reaffirmed his Buy rating and $350 price target on MSTR shares. Measured against the company’s holdings of roughly 849,327 BTC as of early November 2026, that implies a gap of roughly 190,000 coins. The math behind the million Vieten laid out the updated view in a note dated November 5, 2026. The core assumptions are straightforward, even if the numbers are large. His $350 target for MSTR rests on two inputs. The first is a Bitcoin price of $175,000 in the Q3 2027 timeframe. The second is a market net asset value multiple, or mNAV, of 1.1x. Vieten nudged that multiple slightly higher in the latest note. The adjustment reflects greater confidence in how the company’s financial model plays out. The other key update came from management itself. Based on company guidance about future digital credit issuance, Vi...