#SaylorBTCPurchase
Strategy Plans Big $84B Bitcoin Move — Wall Street Likes It
Michael Saylor’s company, Strategy (MSTR), is doubling down on Bitcoin, and top analysts think it’s a smart move.
What’s happening:
Strategy wants to raise a total of $84 billion to buy more Bitcoin — that’s double its earlier goal.
Two big Wall Street firms, Benchmark and TD Cowen, both say this bold plan is doable and back it with “buy” ratings.
So far, Strategy has raised $28.3 billion. It aims to bring in another $56.7 billion in the next 32 months.
Why it matters:
Strategy is now targeting a 25% return on its Bitcoin investment and hopes to gain $15 billion by 2025.
The company has already hit 90% of its original target just four months in.
Analyst take: Benchmark’s Mark Palmer says Strategy’s early start in Bitcoin gives it a strong edge. Even though its stock trades above the value of its Bitcoin, Palmer thinks it’s a good deal because the team knows how to grow value.
TD Cowen’s Lance Vitanza says the new plan is “ambitious, but realistic.” With a $111 billion market value and strong trading volume, Strategy has the tools to pull it off.
From the earnings call:
Michael Saylor says more companies joining the “Bitcoin standard” helps make Bitcoin more stable and valuable.
CEO Fong Li says issuing more shares actually adds value — not the other way around.
CFO Andrew Kang admits there’s been a loss on paper from Bitcoin’s price drop, but says the company’s long-term strategy remains solid.
The stock:
Shares of MSTR rose 1.8% Friday morning as Bitcoin hovered just under $97,000.
