Strategy (MSTR) has garnered strong support from Wall Street analysts for its newly announced $84 billion Bitcoin expansion plan, a move that signals its ongoing commitment to digital assets. The plan, which includes raising significant capital through stock and debt issuance, is backed by analysts from Benchmark and TD Cowen, who view it as a strategic step toward further growth and value creation for the company.

Mark Palmer from Benchmark reiterated his buy rating and $650 price target, emphasizing the potential for Strategy to capitalize on its leading position in the Bitcoin space. Palmer noted that Strategy has proven adept at leveraging its bitcoin holdings to drive shareholder returns, making its expansion plan a well-calculated risk that could pay off in the long run.

Lance Vitanza, an analyst at TD Cowen, also expressed optimism, saying that Strategy’s move to raise an additional $56.7 billion is entirely feasible given the company’s strong market position. With a market cap of $111 billion and robust liquidity, Vitanza maintains a buy rating and a $550 price target, believing the company can continue to successfully execute its strategy.

The new $84 billion target, an update to the earlier $42 billion goal, will enable Strategy to aggressively acquire more bitcoin, a move that aligns with its broader vision of a future where bitcoin is a dominant asset in the global economy. The company also raised its 2025 BTC Yield target to 25% and its BTC $ Gain goal to $15 billion, reflecting its bullish outlook on the cryptocurrency market.

Despite facing a $5.9 billion unrealized loss for Q1 2025 due to fluctuations in the price of bitcoin, CFO Andrew Kang remained optimistic, noting that the company’s transparent accounting practices offer long-term stability.

Following the announcement, MSTR stock rose 1.8%, reaching $388, while bitcoin hovered just below $97,000, reinforcing the market’s positive sentiment toward both the cryptocurrency and Strategy‘s forward-looking plans.