Strategy (MSTR), led by Bitcoin advocate Michael Saylor, is doubling its Bitcoin investment plan from $42 billion to $84 billion through stock and debt sales. Wall Street analysts at Benchmark and TD Cowen support the move, calling it bold but realistic due to Strategy’s $111 billion market cap and strong trading volume. The company has already raised $28.3 billion and aims to raise the rest over the next 32 months.
Strategy also raised its 2025 performance targets: a 25% Bitcoin yield (up from 15%) and $15 billion in BTC gains (up from $10 billion). Despite a $5.9 billion unrealized Q1 loss due to Bitcoin’s price dip, the company remains confident in its long-term strategy.
CEO Fong Li emphasized that equity sales are beneficial, not dilutive, and Saylor continues to promote the idea of a global “Bitcoin standard.” MSTR shares rose 1.8% after the news, with Bitcoin trading near $97,000.
