In a Nutshell
- Despite reporting a per-share decline of $16.49 in Q1, financial analysts from firms like Bernstein and Benchmark remain bullish on MicroStrategy (MSTR).
- They've set price targets of $600 or more, reflecting their confidence in MSTR's continued Bitcoin accumulation strategy.
- MSTR ended last week up 3.35%, resting at $394.37 per share.
Let's Dive into SCENE
Strategists Express Optimism Over Bitcoin Acquisition Blueprint
Unveiling MSTR:Analysts from investment firms Benchmark and Bernstein recently stood by their buy ratings and eye-popping price targets for MicroStrategy (MSTR). Just a day after the company reported a staggering $5.9 billion loss on its Bitcoin holdings for Q1 2025, these analysts remain positive about MSTR due to its unwavering Bitcoin acquisition strategy.
Bitcoin Acquisition Rapid Fire:Ever since it shifted focus from software development about half a decade ago, MSTR has made Bitcoin its core business, and competitiveness in this field is no joke. existing companies that jumped on MSTR's bandwagon to integrate Bitcoin in their balance sheets, with more than 70 public companies following suit. MSTR put its foot on the accelerator, reminding everyone of its early-mover advantage and its ability to amass Bitcoin faster than others.
What Went Sideways:In the first quarter of 2025, MSTR saw a $16.49 per common share decline, a reflection of Bitcoin's price plunge. Despite battling similar macroeconomic headwinds, crypto and tech market players at large, MSTR pointed to its ongoing initiative to acquire more Bitcoin through stock and fixed income vehicles on its earnings call.
MSTR's Huge Bitcoin Stash:MSTR, which transformed from software development to Bitcoin accumulation in 2020, now owns a massive fortune of around 554,000 BTC, valued at about $53 billion according to current market prices. MSTR purchased these Bitcoins for an average price of $68,459 (as of April 28, 2025).
Pushing the CAPEX to the Max:The Tysons Corner, Virginia-based company is now two-thirds of the way through its ambitious plan, announced last October, to invest $42 billion in Bitcoin through various methods. Furthermore, MSTR unveiled the "42/42 Plan" to purchase an additional $42 billion in Bitcoin through 2027.
Facing the Heat from Benchmark:Benchmark analysts have set a price target of $650 for MSTR shares. Their analysis includes the projected value of MSTR's BTC holdings, a 15x multiple of its BTC dollar gain, and the value of its software business.
Feeling Bernstein's Heat:Bernstein analysts, too, set sights on an impressive $600 price target for MSTR. They emphasized the company's increasing capital program and its appeal to institutional investors, who find limited ways to access Bitcoin.
MSTR's Current Market Stance:MSTR concluded its week with a 3.3% increase, trading at $394.37. The stock has skyrocketed 26% over the past month, with most of that growth taking place in recent weeks. Year-to-date, MSTR is up an impressive 36%, almost matching its peak price on Thursday before the earnings report.
Examining the BTC Price:As of this writing, Bitcoin is trading around $96,700, representing a 14% increase over the past month. Bitcoin's momentum has picked up, helping crypto markets recover ground lost during January through March.
MSTR's Financial Prospects, according to Benchmark:Benchmark analyst Mark Palmer claims that MSTR now trades at an attractive 2.13x its net asset value, considering the company's proven ability to generate shareholder value through its treasury operations.
- In spite of MicroStrategy (MSTR) reporting a $16.49 per-share decline in Q1, analysts from firms like Bernstein and Benchmark remain bullish on MSTR, setting price targets of $600 or more, reflecting their confidence in MSTR's continued Bitcoin accumulation strategy.
- Since shifting focus from software development about half a decade ago, MSTR has made Bitcoin its core business, with existing companies following suit, incorporating Bitcoin in their balance sheets, and MSTR putting its foot on the accelerator, reminding everyone of its early-mover advantage and its ability to amass Bitcoin faster than others.
- In Q1 2025, MSTR saw a $16.49 per common share decline, a reflection of Bitcoin's price plunge, despite battling similar macroeconomic headwinds in the crypto and tech market.
- MSTR, which transformed from software development to Bitcoin accumulation in 2020, now owns a massive fortune of around 554,000 BTC, valued at about $53 billion according to current market prices.
- The Tysons Corner, Virginia-based company is now two-thirds of the way through its ambitious plan, announced last October, to invest $42 billion in Bitcoin through various methods, with an additional $42 billion plan to be completed by 2027.
- Benchmark analysts have set a price target of $650 for MSTR shares, accounting for the projected value of MSTR's BTC holdings, a 15x multiple of its BTC dollar gain, and the value of its software business.
- Bernstein analysts, too, set a sights on an impressive $600 price target for MSTR, attributing it to the company's increasing capital program and its appeal to institutional investors, who find limited ways to access Bitcoin.
