Top Analyst’s Bullish Call: ’Keep Buying MSTR Stock’ as Bitcoin Strategy Pays Off

MicroStrategy's bold Bitcoin bet continues drawing heavyweight backing—one top analyst just doubled down on the aggressive accumulation strategy.

Riding the Digital Wave

The enterprise software-turned-crypto giant keeps stacking satoshis while traditional investors hesitate. Its treasury strategy now holds over 200,000 BTC—making it the largest corporate Bitcoin holder worldwide.

Wall Street Meets Crypto

Analysts praise the company's uncompromising approach to digital asset adoption. While skeptics call it a leveraged bet on Bitcoin's price, supporters see visionary corporate treasury management.

Because nothing says 'financial innovation' like converting your entire balance sheet into a single volatile asset—what could possibly go wrong?

Market momentum suggests the gamble might just pay off big.

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Why Vafi Sees Upside for MSTR Stock

The 5-star analyst highlighted Strategy’s preferred stock sales as a key driver of shareholder value. The company has raised more than $6 billion this year through these offerings, which he called “among the most successful in U.S. capital markets history.” Unlike past funding moves, these deals boosted the company’s Bitcoin-per-share while avoiding dilution for common shareholders.

Vafi also noted that Strategy’s bitcoin yield has already hit 25% this year, running ahead of management’s earlier guidance. Meanwhile, the dividend obligations tied to the preferred stock are modest, about 2.3% of the money raised, so the company can pay them even if Bitcoin’s price swings.

New Accounting Rule Brings More Clarity

Vafi welcomed the new U.S. accounting rule (ASU 2023-08), which introduces fair-value accounting for crypto assets. This means companies like Strategy must now report their Bitcoin at current market value each quarter. He sees the change as a positive step, giving investors a clearer view of how Bitcoin’s price swings affect earnings.

If Bitcoin climbs to $150,000 by year-end, management estimates that could translate into about $24 billion in net income. While Bitcoin’s volatility remains the biggest risk, Vafi still calls Strategy “one of the most innovative companies” under his coverage and expects more firms to adopt its Bitcoin-driven treasury strategy.

Is MSTR Stock a Buy? 

The stock of Strategy has a consensus Strong Buy rating among 13 Wall Street analysts. That rating is based on 12 Buy and one Sell recommendations assigned in the last three months. The average MSTR price target of $567.23 implies 65.83% upside from current levels.