microstrategy mstr may sell its bitcoin btcusd holdings in the event of severe price drops particularly around the time its debt is due in mid2025 thats according to a report from financial adviser bernstein cited by coindesk however robust bitcoin prices would enable microstrategy to raise new debt or equity and redeem existing convertible notes what if bitcoin crashes if that happens the value of microstrategys cryptocurrency holdings would not cover its debt and certain covenants after june 2025 the companys corporate structure could face pressure from spring forward clauses these clauses could advance the debt from 2028 to 2025 or 2026 microstrategy currently holds approximately 152000 bitcoin which cost about 45 billion with an average price of around 29600 the market value of microstrategy’s cryptocurrency assets represents about 078 of the total bitcoin supply it accounts for around 20 of the daily average btc trading volume and makes up 95 of the companys market capitalization accounting for the debt raised to purchase btc it equates to about 49 of microstrategys market cap price target berenberg capital markets analysts have raised their price target for microstrategy from 430 to 510 the firm reiterated its buy rating for the company increasing its price target due to a more favorable environment for bitcoins institutional adoption based on the fasterthanexpected pace at which mstr has acquired bitcoin since we initiated coverage of the company on april 27 as well our view that the prospects for institutional adoption of bitcoin have improved meaningfully in the interim we are raising our estimate of the value of the company’s bitcoin holdings as of lateapril 2024 to 874 billion from 627 billion the firm stated join benzingas future of crypto in nyc on nov 14 2023 to stay updated on trends like ai regulations sec actions  institutional adoption in the crypto space secure early bird discounted tickets now