Strategy’s BTC gains prompt bullish $521 price target from H.C. Wainwright

Microstrategy has greatly increased its objective of capital statement and the Bitcoin acquisition objectives in 2025 in its report on gains, which caused a bullish revision of HC Wainwright analysts.

In a research note dated May 2, the Mike Colonnais analyst has gradually become optimistic Strategy Actions with a price target increased from $ 480 to $ 521, citing an increase in BTC Holdings forecasts and strong execution on capital lifting.

As part of his Report on first trimester results On Thursday, the strategy doubled its investment plan at $ 84 billion at 2027, against the target of $ 42 billion announced at the end of 2024. The new plan “42/42” includes $ 42 billion in equity and $ 42 billion in fixed income emissions, including convertibles and preferences.

The company has already raised $ 10 billion this year and acquired 106,085 bitcoin (BTC) to date. Bitcoin yield of the strategy until April was 13.7%, which represents 91% of its initial annual target, with a gain of $ 5.8 billion already reserved, or 58% of the initial objective.

Bullish

The results of the T1 2025 of the strategy included the purchase of 80,715 BTC for $ 7.7 billion, funded via shares and a convertible bond issue. 25,370 additional BTCs were purchased in April. The company’s BTC yield for the first quarter was 11%, with a gain of $ 4.1 billion based on quarter prices.

The Colonnais now expects the strategy to end 2025 with 691,249 BTC, up in relation to a prior estimate of 601,029. His BTC gain forecasts amount to $ 12 billion, with a end -of -year price hypothesis of $ 150,000 per room. Although it is still below the revised advice of the company of $ 15 billion in winnings and a BTC yield of 25%, the Colonnais considers access and performance of the strategy as solid growth indicators.

Despite the reduction in expected income for 2025 and 2026 to $ 461.2 million and $ 475.7 million respectively, against previous estimates of $ 473 million and $ 485.1 million, the Colonnais stressed the company’s ability to maintain a premium evaluation. The price of courses of $ 521 is based on a 2x bonus compared to the value carried out in 2025 of the company of $ 103.7 billion.