Robinhood shares gain on Q2 beat, as user and crypto growth accelerate
Investing.com - TD Cowen has reiterated its Buy rating and $590.00 price target on Strategy (NASDAQ:MSTR), currently trading at $379.90, following the company’s recent bitcoin acquisitions. The stock has shown remarkable strength, delivering a 195.93% return over the past year according to InvestingPro data.
The company purchased 4,980 bitcoins over the past week, taking advantage of favorable market conditions and financing the acquisition primarily through renewed issuance under its common stock ATM program.
Strategy closed the second quarter having purchased 69,140 bitcoins, exceeding TD Cowen’s estimate of 66,000 bitcoins and generating over $4 billion in bitcoin dollar gains.
TD Cowen has adjusted its model to reflect the positive variance between actual and estimated bitcoin gains in Q2 2025, now projecting Strategy to hold just over 850,000 bitcoins by the end of fiscal year 2027, representing 4.1% of all bitcoin ever to be mined.
The firm has also revised its fiscal year 2025 estimates, now modeling a bitcoin yield of 26.1% (up from 25.8%) and bitcoin dollar gains of $11.9 billion (up from $11.8 billion previously).
In other recent news, Strategy announced the launch of its new platform, Strategy Mosaic, designed to unify enterprise data for AI applications. This platform aims to streamline data integration across enterprises, offering features such as AI-powered data modeling and universal access to over 200 data sources. Additionally, Strategy made headlines with its purchase of 245 Bitcoin for $26 million, bringing its total Bitcoin holdings to 592,345. The company funded these acquisitions through proceeds from its STRK and STRF ATM offerings.
MicroStrategy, operating under the name Strategy, has updated its ATM offerings, reporting significant sales of STRK and STRF shares, generating proceeds of $66.4 million and $45.8 million, respectively. Meanwhile, Stifel resumed coverage of Strategy with a Buy rating and a $72 price target, citing expectations of 5.5% revenue growth in 2025, driven by international markets. The firm also noted potential challenges from competitors in the energy drink category. Furthermore, JPMorgan highlighted that MicroStrategy’s focus on Bitcoin could risk its inclusion in major equity indices, affecting investor portfolios. The company has shifted towards high-yield instruments for financing, a strategy sustainable only if Bitcoin prices continue to rise.
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