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- Bullish on MSTR? 💰
Bullish on MSTR? 💰
Strategy's plan to double its Bitcoin buying ambitions got a thumbs-up from analysts, despite MSTR revealing its fifth consecutive losing quarter.
Andrew Hayward
May 03, 2025
📝 What you need to know
After Strategy shared its fifth consecutive quarterly loss, equity analysts from investment firms like Bernstein and Benchmark reaffirmed their bullishness on the firm’s expanding Bitcoin acquisition ambitions.
Strategy, which now holds $53 billion worth of Bitcoin, said Thursday that it plans to double its BTC buying plan and raise a total of $84 billion to do so. Even with Strategy’s stock price down 27% from its November peak, sinking in the first quarter as the price of Bitcoin itself fell, analysts remain hot on the company’s prospects.
Both Bernstein and Benchmark gave MSTR “buy” ratings, and set price targets of $600 or more—over 50% higher than the closing price on Friday.
“MSTR yesterday issued a reminder of the extent of its first-mover advantage and how its ability to accelerate its accumulation of Bitcoin has continued to increase as its platform has scaled,” said Benchmark Senior Research Analyst Mark Palmer.
