H.C. Wainwright Lifts Strategy’s Price Target to $521 on Surging Bitcoin Gains

By: btc-pulse|2025/05/02 16:45:03
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Strategy’s Bitcoin Bet Triggers Analyst Upgrade MicroStrategy’s intense Bitcoin purchases and fresh capital plan have prompted H.C. Wainwright analysts to raise their price target to $521 from $480. Analyst Mike Colonnese did the upgrade in a May 2 research report, citing the company’s augmented BTC purchasing targets and capital raise success as primary drivers of the upgrade. Strategy announced in its Q1 2025 earnings release doubling the long-term capital plan to $84 billion from $42 billion. The plan is made up of $42 billion in equity offering and $42 billion in fixed-income securities like convertibles and preferred stock. The firm raised $10 billion in February 2025, which it used to purchase 106,085 BTC. 80,715 BTC were purchased in Q1 for $7.7 billion, and the balance of 25,370 BTC were acquired in April. Strategy’s BTC return through April was 13.7%, with a total unrealized profit of $5.8 billion—already 91% of its initial yearly target. New BTC Targets and Analyst Predictions Colonnese currently projects Strategy to end 2025 with 691,249 BTC, a higher figure than his earlier projection of 601,029. His new forecast is $12 billion in profits in BTC on the assumption of a year-end Bitcoin price of $150,000. This is short of the company’s internal goal of $15 billion in profits and a 25% return on BTC, but Colonnese sees huge potential in Strategy’s strategy. Premium Valuation Despite Revenue Trim Reducing its revenue estimate for 2025 and 2026 to $461.2 million and $475.7 million, respectively, the analyst is optimistic. The price target of $521 is a 2x premium on Strategy’s estimated net asset value of $103.7 billion, reiterating confidence in the firm’s crypto-focused strategy.

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