Strategy’s $84B Bitcoin Expansion Plan Backed by Wall Street Analysts

Wall Street analysts are standing firmly behind Strategy’s (MSTR) aggressive escalation of its bitcoin (BTC) acquisition strategy after the company unveiled plans to double its capital-raising ambitions."While the number of companies that have sought to replicate Strategy’s bitcoin acquisition strategy has continued to grow rapidly … 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," wrote Benchmark's Mark Palmer, reiterating his buy rating and $650 price target.Though MSTR trades at more than double the value of its bitcoin holdings, Palmer says that level is "attractive" thanks to Executive Chairman Michael Saylor and team's "demonstrated ability to create shareholder value through its treasury operations."Alongside reporting its first quarter results Thursday evening, Strategy announced an expansion of its recent 21/21 plan — raising $42 billion via issuance of common stock and debt (or debt-like securities) — to a total of $84 billion source: https://www.coindesk.com/markets/2025/05/02/strategy-s-usd84b-bitcoin-expansion-plan-backed-by-wall-street-analysts