Michael Saylor's Texas bank, Strategy (NASDAQ: MSTR), now known as Strategy, holds 761,068 Bitcoin as of March 20. The company has been underperformed by mixed market sentiments, particularly as Bitcoin continues to fluctuate due to geopolitical uncertainties. While critics have questioned Strategy's Bitcoin strategy, some analysts are optimistic about the firm's strategy of increasing Bitcoin per share as a long-term value driver. Texas Capital, which projects Bitcoin growth of around 10% annually and expects Strategy to issue roughly $17 billion in capital in 2026, has set a $200 stock price target. However, it also highlighted risks of dependence on external financing due to Bitcoin's lack of yield and technological vulnerabilities.