Strategy Inc (NASDAQ: MSTR) has seen its stock outlook strengthen as the company continues to expand its Bitcoin treasury through large-scale acquisitions and disciplined capital allocation.
TD Cowen raised its price target on MSTR to $400 from $395 on May 19, while maintaining a Buy rating on the shares, according to a report from TheFly.
The firm noted that the company’s treasury strategy continues to outperform expectations, supported by accelerated Bitcoin accumulation and value-enhancing balance sheet actions.
These developments have contributed to a higher amount of Bitcoin per share and strengthened overall financial flexibility for the enterprise software company.
The update reflects growing confidence in MSTR’s capital allocation approach and its ability to expand digital asset exposure in a way that improves shareholder value over time.
In a regulatory filing dated May 18, Strategy Inc (NASDAQ: MSTR) disclosed the purchase of 24,869 BTC for roughly $2.01 billion in cash during a short trading window.
The acquisition was executed over the period between May 11 and May 17 at an average price of $80,985 per Bitcoin, according to the filing.
Following this transaction, the company’s total Bitcoin holdings rose to 843,738 BTC, marking a significant expansion of its digital asset reserves.
The cumulative cost basis for its Bitcoin treasury was reported at approximately $63.87 billion, reflecting the scale of the company’s ongoing accumulation strategy.
Strategy Inc is an enterprise software company that also uses its cash flows and capital raises to accumulate Bitcoin as its primary treasury asset.
The company’s continued large-scale market purchases, executed over compressed trading windows, underscore its commitment to growing digital asset exposure as a core component of its financial strategy.
The combination of an upward price target revision and expanded Bitcoin holdings positions MSTR as a closely watched name among investors tracking the intersection of corporate treasury management and digital assets.
