Analysts Remain Bullish on Strategy's Bitcoin Buying Plans
Equity analysts from Benchmark and Bernstein maintained buy ratings for Strategy (MSTR) despite the company reporting a $5.9 billion loss on Bitcoin holdings in Q1 2025. Analysts emphasized Strategy's commitment to acquiring more Bitcoin, which has become its primary focus since shifting from software development five years ago. The company owns approximately 554,000 BTC, valued at around $53 billion, with an average purchase cost of $68,459. Strategy aims to raise $84 billion by 2027 for Bitcoin acquisitions, with $42 billion already targeted through its ongoing initiative. Benchmark set a price target of $650 for MSTR shares, while Bernstein set a target of $600, highlighting the company's scalability and premium valuation relative to its Bitcoin net asset value. MSTR shares rose 3.3% to $394.37, with a year-to-date increase of over 36%. Bitcoin recently traded at about $96,700, reflecting a 14% increase over the past month.
