Analysts remain bullish about the Bitcoin -purchasing plans from Strategy

Equity analysts from investment companies Benchmark and Bernstein repeated their buying ratings and elevated price objectives for strategy (MSTR), one day after the company said it had registered a loss of $ 5.9 billion on his Bitcoin interests in the first quarter of 2025.

The analysts emphasized the continuous strategy of the strategy to buy more Bitcoin, which has become core activities after the company ran out of software development about five years ago.

“Although the number of companies that have tried to replicate the Bitcoin acquisition strategy of Strategy (MSTR), has continued to grow rapidly, with more than 70 public companies that have followed his lead to their balance sheet,” Mark Palmer, Benchmark Senior Research analyst was shared yesterday, “” “”

On Thursday, strategy reported a decrease of $ 16.49 per ordinary share in the first quarter of 2025 – a result of the price fall in Bitcoin during the wingspan. The company has confronted with the same macro -economic headwind that produced crypto and technology companies more widely, but in Thursday’s profit, it expanded on his initiative to acquire more Bitcoin through shares and fixed -interest vehicles.

Strategy, which ran out of software development in 2020 to concentrate on collecting Bitcoin, now has around 554,000 BTC, with a value of around $ 53 billion based on current prices. The company bought its bitcoin for an average cost of $ 68,459, from 28 April.

The company in Tysons Corner, the Virginia -based company, is located in the second half of an initiative that the Announced last October To buy $ 42 billion Bitcoin through these methods, and revealed a new ’42/42 plan to acquire an extra $ 42 billion in Bitcoin until 2027, Palmer noted.

“It is planning to increase a total of $ 84 billion in capital ($ 42 billion in equity and $ 42 billion in fixed -income income) until 2027 to finance Bitcoin purchases,” Palmer noted. “MSTR’s daring $ 84 billion capital increasing target includes the $ 42 billion focused on its original plan, which is now 65% complete by ~ $ 14.7 billion.”

Benchmark sets a target of $ 650 for Strategy Shares (MSTR), with reference to analysis that includes the expected value of the company’s BTC holdings, a 15x multiple of its BTC dollar win and the expected value of its software company.

Strategy shares closed 3.3% on Friday to act at $ 394.37 and more than 26% rose in the past month, with much of that profit in the past weeks. MSTR has exhibited more than 36% years to date and came to the 2025 peak price within a dollar on Thursday prior to the winning report.

Bitcoin recently traded at around $ 96,700, roughly flat in the last 24 hours. In the past month, BTC has risen 14% in the midst of a revival in digital assets markets that recaptured the land from January to March.

“MSTR is now trading its net asset value at 2.13x, a level that we consider attractive in view of the demonstrated capacity of the company to create shareholder value through his treasury activities,” Palmer wrote in repeating his buy -rating.

Bernstein analysts have set a price target of $ 600 for strategy in their note Friday. The company highlighted its addition of $ 10 billion to Bitcoin and the scaling of its “capital program to 42:42 from 9:21 PM.”

“We continue to like MSST as the most scalable Bitcoin vehicle that uses large institutional pools that do not have access to Bitcoin/Spot ETFs,” the analysts wrote and noted that the company continued to trade with a premium to his bitcoin -Netto -activa value.

“We continue to appreciate the strategy with the help of a sum-of-the-parts approach, where we combine the business value of his software company and his Bitcoin Holdings,” wrote Bernstein.

Published by Andrew Hayward