MicroStrategy Inc. (NASDAQ:MSTR) can benefit from the rising Bitcoin (CRYPTO: BTC) prices, and faster growth in its holdings as compared to share dilution, says Mizuho as it describes the company’s play on the cryptocurrency as the “Lever for the Believer” in its note dated Jan.

MicroStrategy continues its ambitious Bitcoin acquisition strategy with a $1.1 billion purchase of 10,107 BTC, bringing its total holdings to 471,107 BTC, while implementing new financing mechanisms to support future cryptocurrency investments.

Saylor's bull case gives Bitcoin a $49 million price target in 2045, putting its market cap at an astronomical $1 quadrillion. Even the bear case is very optimistic, with Bitcoin's price rising at an average annual pace of 18.4% and hitting $3 million in 20 years.

MicroStrategy announced Monday that it had bought even more Bitcoin and revealed it would sell stock to raise capital and fund future purchases of the cryptocurrency. MicroStrategy’s latest purchase brings its total holdings to more than 470,

As a result, Saylor predicts Bitcoin could soar to $13 million per coin by the year 2045, which would translate to an eye-popping 13,031% gain for investors who buy it at the current price of about $99,000. But how realistic is that target?

That all changed in 2020, when MicroStrategy's co-founder and then-CEO Michael Saylor directed it to buy 21,454 Bitcoin s (CRYPTO: BTC) for $250 million. It then accumulated more Bitcoin each year, and it held 450,000 Bitcoins as of Jan. 13.

MicroStrategy co-founder Michael Saylor has hinted at another Bitcoin purchase scheduled for Jan. 27, following the company’s recent acquisition of 11,000 BTC on Jan. 21.

Nasdaq-listed Nuvve is the latest company to announce a Bitcoin reserve: The green energy firm will allocate 30% of its cash to the asset.

MicroStrategy Incorporated (NASDAQ:MSTR), once known primarily for its business intelligence software, has transformed itself into a unique player in the cryptocurrency space. With a market capitalization of over $85 billion and an impressive 557% return over the past year according to InvestingPro data,

MicroStrategy’s unique Bitcoin strategy offers massive long-term potential but comes with extreme volatility, making it speculative and risky for most investors. Read more here.

The money raised to buy Bitcoin isn't free, either. MicroStrategy now has $4.2 billion in debt on its balance sheet, and its shares outstanding have increased significantly since it began its crypto strategy, up nearly 40% over the last year to 197 million shares.