FMP
May 14, 2025 3:56 PM - Davit Kirakosyan
Image credit: FMP
BTIG raised its price target on MicroStrategy (NASDAQ:MSTR) to $620 from $570 while maintaining a Buy rating, following the firm's annual Strategy World conference that reinforced its deep-rooted commitment to Bitcoin and shareholder value creation.
Analysts highlighted the growing emphasis on MicroStrategy’s evolving role within the Bitcoin ecosystem, noting a shift in the conference’s focus—from educational sessions to showcasing the company’s Bitcoin-related investment vehicles and capital structure.
MicroStrategy's Bitcoin holdings, now worth approximately $60 billion, have appreciated about 12% year-to-date, outpacing the broader market. BTIG believes the market underestimates the strategic potential of MicroStrategy’s fixed-income instruments, which could serve as a key financial lever supporting common equity.
The firm also sees a disconnect in how fixed-income markets evaluate the risk/reward profile of MicroStrategy’s debt, suggesting that greater understanding over time could unlock additional equity upside through capital structure optimization.
BTIG’s bullish stance reflects confidence in both MicroStrategy’s long-term Bitcoin strategy and its potential to enhance shareholder returns through disciplined financial engineering.
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