crypto.news 2025-05-02 16:42:23

Strategy’s agressive Bitcoin purchases get green light from Wall Street analysts

Michael Saylor’s Strategy has announced aggressive plans to up its Bitcoin acquisitions, and two Wall Street firms are on board. Michael Saylor’s risky bet on Bitcoin (BTC) received a green light from top Wall Street analysts. According to a Friday, May 2 report by Coinbase, analysts from Wall Street research firms Benchmark and TD Cowen endorsed Strategy’s aggressive Bitcoin acquisitions. Mark Palmer, analyst at the research and investment banking firm Benchmark, noted Strategy’s first-mover advantage. He explained that the firm has managed to grow its Bitcoin holdings substantially, projecting a $650 price target from Strategy’s current $395 price . You might also like: 0.07% of the market, 16% of the equity raised: How Strategy is redefining corporate leverage Wall Street analysts share bullish targets for Strategy “While the number of companies that have sought to replicate Strategy’s bitcoin acquisition strategy has continued to grow rapidly … MSTR yesterday issued a reminder of the extent of its first-mover advantage and how its ability to accelerate its accumulation of bitcoin has continued to increase as its platform has scaled,” Mark Palmer, Benchmark. Strategy’s CEO, Michael Saylor, recently announced the firm’s plans to use both common stock and debt to substantially increase its Bitcoin holdings. The plan would help the company raise $84 billion , split equally between debt and stock offerings. Strategy announces BTC Yield of 13.7% and BTC $ Gain of $5.8B year-to-date, doubles capital plan to $42B equity and $42B fixed income to purchase bitcoin, and increases BTC Yield target from 15% to 25% and BTC $ Gain target from $10B to $15B. $MSTR $STRK $STRF — Strategy (@Strategy) May 1, 2025 While the plans are ambitious, TD Cowen analyst Lance Vitanza stated that it is not out of the question. Strategy’s current market cap of $111 billion boosts the credibility of the raise. Vitanza also shared his price target of $550. Strategy currently holds 553,555 Bitcoins, representing about 2.5% of the total supply. While the company’s performance has been strong, often outperforming Bitcoin itself, its highly leveraged position is not without risk. While Bitcoin remains stable, Strategy can reap significant gains for investors. However, a substantial drop in BTC price would make the company’s debt unsustainable. What is worse, if Strategy were forced to sell some of its BTC to pay off its debts, it could have a cascading effect on the Bitcoin markets. Read more: Strategy’s BTC gains prompt bullish $521 price target from H.C. Wainwright

Meist gelesene Nachrichten

Immutable zkEVM Transactions Rise 5.7% in Q1...
2025-05-03
Ripple’s Chief Legal Officer Explains Why the...
2025-05-03
Bitcoin, XRP, Ethereum & Solana—Top 4 for Bui...
2025-05-03
Shiba Inu Community Boosts Digital Payments w...
2025-05-03
Ethereum and Bitcoin Fuel Market Optimism—Alt...
2025-05-03
Ivy League Institution Brown Follows in UATX...
2025-05-03
Hyperliquid: Whales, retail exit – Can HYPE f...
2025-05-03
Avalanche (AVAX) Price Prediction: Could it R...
2025-05-03

Ähnliche Neuigkeiten

Kraken Surges in Q1 2025 With 19% Revenue Growth a...
03 May 2025
Solana Leads in DEX Volume for Seventh Straight Mo...
03 May 2025
Strategy Doubles Down on Bitcoin With $21B Offerin...
03 May 2025
Eric Trump Champions Crypto at Token2049: Launches...
03 May 2025
Ostium’s Meteoric TVL Growth Signals Rising Demand...
03 May 2025
Stablecoin Market Shifts in April: Exchange Balanc...
03 May 2025

Lesen Sie den Haftungsausschluss : Alle hierin bereitgestellten Inhalte unserer Website, Hyperlinks, zugehörige Anwendungen, Foren, Blogs, Social-Media-Konten und andere Plattformen („Website“) dienen ausschließlich Ihrer allgemeinen Information und werden aus Quellen Dritter bezogen. Wir geben keinerlei Garantien in Bezug auf unseren Inhalt, einschließlich, aber nicht beschränkt auf Genauigkeit und Aktualität. Kein Teil der Inhalte, die wir zur Verfügung stellen, stellt Finanzberatung, Rechtsberatung oder eine andere Form der Beratung dar, die für Ihr spezifisches Vertrauen zu irgendeinem Zweck bestimmt ist. Die Verwendung oder das Vertrauen in unsere Inhalte erfolgt ausschließlich auf eigenes Risiko und Ermessen. Sie sollten Ihre eigenen Untersuchungen durchführen, unsere Inhalte prüfen, analysieren und überprüfen, bevor Sie sich darauf verlassen. Der Handel ist eine sehr riskante Aktivität, die zu erheblichen Verlusten führen kann. Konsultieren Sie daher Ihren Finanzberater, bevor Sie eine Entscheidung treffen. Kein Inhalt unserer Website ist als Aufforderung oder Angebot zu verstehen