The Strategy (MSTR) stock has just surpassed $400 for the first time since the third quarter of 2024, indicating strong investor confidence in the company’s Bitcoin-focused strategy.
Strategy (formerly MicroStrategy) stock currently trades between $381 and $400. Analysts have an average target of $446, with a few estimating it to go up to as much as $600.
The company’s move to embrace the Bitcoin Standard in 2020 continues to set the stage for its market story. The company has acquired a massive BTC portfolio, expanding its holdings at a compound annual growth rate (CAGR) of 59% from 2020 to 2024.
Investors now view Strategy’s stock as a proxy for BTC itself, despite the company’s origins as a software firm. Since adopting the “Bitcoin Standard,” Strategy’s stock has surged more than 3,000%.
Also, Executive Chairman Michael Saylor celebrated this milestone, posting on X, “MSTR is now up more than 3000% since adopting the Bitcoin Standard.”
In the future, analysts continue to be positive about the potential of the stock, with some envisioning that it might reach $600 in May of 2025, particularly if Bitcoin is held above a price of $95,000. In addition, Investors are closely monitoring the company’s next Q1 2025 earnings release on May 1, after the market closes.
Strategy is expected to report a loss per share of $0.11, which is better than the $0.31 loss in the same quarter last year. Revenue is expected to be $116.6 million, up 1.2% over the previous year.
Although these metrics show gradual operational improvements, investors are more interested in the company’s Bitcoin reserves and accounting data.
Also Read: Saylor’s Strategy Purchases 15,355 Bitcoins for $1.42 Billion
