Analysts from Benchmark and Bernstein maintain a positive outlook on Strategy (MSTR) following its announcement of a $5.9 billion loss in Bitcoin holdings during Q1 2025. Despite this setback, they highlighted Strategy's commitment to purchase more Bitcoin, emphasizing its pioneering role in the adoption of Bitcoin by public companies. Strategy plans to raise $21 billion through new stock offerings to fund further Bitcoin acquisitions, aiming to total $84 billion by 2027. Benchmark set a price target of $650 for MSTR shares, noting the value of its BTC holdings and software business. Additionally, Bernstein targets $600 per share, referencing Strategy's capital program expansion. MSTR shares rose 3.3% to $394.37, reflecting increasing investor interest in the company, which now owns around 554,000 BTC valued at about $53 billion. Bitcoin's recent price stabilization contributes to the favorable market sentiment, with BTC trading around $96,700 recently.

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