The gains of $BTC da Strategy lead to an optimistic price target of $521 from HC Wainwright

MicroStrategy has drastically increased its capital raising target and bitcoin acquisition goals for 2025 in its earnings report, which led analysts at HC Wainwright to a bullish revision.

In a research note dated May 2, analyst Mike Colonnese became increasingly optimistic about the shares of Strategy, with a raised target price from $480 to $521, citing forecasts of increased BTC holdings and strong execution in capital raising.

As part of its first-quarter earnings report on Thursday, Strategy doubled its capital plan to $84 billion by 2027, up from the $42 billion target announced at the end of 2024. The new "42/42" plan includes $42 billion in equity and $42 billion in fixed income issuance, including convertibles and preferreds.

The company has already raised $10 billion this year and acquired 106,085 Bitcoins to date. Strategy's bitcoin yield through April was 13.7%, representing 91% of its original annual target, with a gain of $5.8 billion already accounted for, or 58% of the initial target.

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