Analysts from Benchmark and Bernstein are optimistic about Strategy (MSTR) despite the company reporting a significant loss of $5.9 billion on its Bitcoin holdings in Q1 2025. They reiterated their buy ratings, setting price targets of $600 and $650 per share. Strategy, which has shifted its focus to Bitcoin accumulation, currently holds around 554,000 BTC valued at approximately $53 billion. The company plans to raise $21 billion through a new common stock equity offering to further its Bitcoin purchases. Despite a per-share decline of $16.49, strategies to acquire more Bitcoin have positioned MSTR as a leading vehicle for institutional investments in Bitcoin. The company's shares have risen more than 26% over the last month and nearly 36% year-to-date, reflecting investor confidence in its future performance and Bitcoin strategy.

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