Strategy Stock MSTR: A Big Winner Amid Bitcoin Volatility

Canaccord Genuity analyst Joseph Vafi reiterated a Buy rating on Strategy (MSTR) with a $464 price target, implying 36% upside from current levels. Vafi highlighted Strategy's successful preferred stock sales and its Bitcoin yield of 25% this year. The new US accounting rule for crypto assets is also seen as a positive step, giving investors a clearer view of how Bitcoin's price swings affect earnings.

Canaccord Genuity analyst Joseph Vafi has reiterated a Buy rating on Strategy (MSTR), formerly known as MicroStrategy, with a price target of $464. This implies a 36% upside from the current stock price. Vafi highlighted several key factors supporting this positive outlook.

Vafi noted the successful preferred stock sales that have enabled Strategy to purchase Bitcoin. The firm has launched four preferred stock offerings this year, collectively raising over $6 billion. These proceeds have been primarily used to add to Strategy's Bitcoin holdings. The analyst also cited the company's strong execution and innovative financing strategies as contributing factors to the positive outlook.

Moreover, Vafi pointed to Strategy's Bitcoin yield of 25.4% year-to-date (YTD) 2025, demonstrating the firm's ability to generate significant returns from its Bitcoin holdings. The analyst also mentioned the new US accounting rule for crypto assets, which provides investors with a clearer view of how Bitcoin's price swings affect earnings.

The analyst's positive view on Strategy comes despite the stock's recent performance. While the stock is down 13% over the last month, Vafi remains bullish on the firm's long-term prospects. The analyst cited Strategy's adoption of the Bitcoin treasury strategy in 2020, which has seen its shares rise by around 2,200%, compared to the S&P 500's gain of 84% during the same period.

In summary, Canaccord Genuity's Joseph Vafi reiterated a Buy rating on Strategy (MSTR) with a $464 price target, highlighting the firm's successful preferred stock sales, strong Bitcoin yield, and innovative financing strategies. The new US accounting rule for crypto assets is also seen as a positive step for investors.

References:
[1] https://www.investing.com/news/analyst-ratings/canaccord-genuity-raises-ulta-beauty-stock-price-target-to-630-ahead-of-earnings-93CH-4210749
[2] https://icobench.com/news/best-crypto-to-buy-now-after-michael-saylors-strategy-buys-bitcoin-dip/
[3] https://finance.yahoo.com/news/top-investment-analyst-predicts-30-165312403.html