Bitcoin Expansion Plan

Wall Street analysts firmly support (MSTR) as the company announced plans to double its financing target, actively expanding its Bitcoin (BTC) acquisition strategy.

Despite the rapidly growing number of companies seeking to replicate the Strategy Bitcoin acquisition approach... MSTR reminded yesterday of its first-mover advantage and the enhanced ability to accelerate Bitcoin accumulation as its platform expands, Benchmark's Mark Palmer wrote, reaffirming his buy rating and a target price of $650.

Although MSTR's trading price is more than twice the value of its Bitcoin holdings, Palmer stated that this level is attractive due to the proven ability of Executive Chairman Michael Saylor and his team to create shareholder value through their financial maneuvers.

While reporting first-quarter results on Thursday night, Strategy announced the expansion of its recent 21/21 plan—raising $42 billion through the issuance of common stock and debt (or debt-like securities)—for a total of $84 billion.

TD Cowen's Lance Vitanza also acknowledged the ambition of the updated strategy, stating that it may be aggressive but is by no means impossible. The company noted that Strategy has already raised $28.3 billion under the original plan, and the significantly larger $111 billion market capitalization and deep trading liquidity enhance the credibility of the new financing efforts. Vitanza reaffirmed his buy rating and a target price of $550, suggesting that raising an additional $56.7 billion over the next 32 months is realistic.

The two analysts also praised Strategy's decision to raise its Bitcoin-related performance targets, including increasing the 2025 BTC earnings target from 15% to 25%, and raising the BTC earnings target from $10 billion to $15 billion. Benchmark's Palmer noted that the company has achieved approximately 90% of its original BTC earnings target in just four months.

Earlier on Friday, as Bitcoin continued to hover below the $97,000 level, MSTR's stock price rose by 1.8%, reaching $388.

Despite the high volatility, we believe transparency is crucial... We expect more positive fluctuations over time, in line with our long-term strategy #币圈新闻