MicroStrategy Boosts Bitcoin Goals, Analysts React Positively
MicroStrategy has considerably raised its capital-raising target and 2025 Bitcoin acquisition goals.This move has prompted a bullish revision from analysts at H.C. Wainwright.
On May 2, analyst Mike Colonnese increased his price target for MicroStrategy’s stock from $480 to $521. He cited the company’s increased Bitcoin holdings forecast and strong capital-raising execution.
MicroStrategy’s first-quarter earnings report revealed a doubled capital plan to $84 billion by 2027.This plan includes $42 billion in equity and $42 billion in fixed-income issuance. The company has already raised $10 billion this year and acquired 106,085 Bitcoin.
MicroStrategy’s Bitcoin yield through April was 13.7%, meeting 91% of its annual target. It has booked a $5.8 billion gain, or 58% of its initial goal.
Colonnese now expects MicroStrategy to end 2025 with 691,249 Bitcoin, up from a previous estimate of 601,029. His Bitcoin gain forecast rises to $12 billion, assuming a year-end price of $150,000 per coin.
Despite cutting projected revenues for 2025 and 2026, Colonnese emphasized MicroStrategy’s ability to maintain a premium valuation. The $521 price target is based on a 2x premium to the firm’s projected 2025 net asset value of $103.7 billion.
