Wall Street analysts support Strategy's $84 billion Bitcoin expansion "42/42 Plan"

PANews May 2, according to CoinDesk, Wall Street analysts expressed support for Strategy's $84 billion Bitcoin expansion "42/42 Plan", and analysts from Benchmark and TD Cowen reiterated their buy ratings for the company, believing that its capital raising strategy is feasible, including:

1. Benchmark analyst Mark Palmer believes that Strategy has demonstrated its first-mover advantage in Bitcoin accumulation and has the ability to accelerate acquisitions, increasing the company's target price to $650;

2. TD Cowen analyst Lance Vitanza believes that Strategy's $111 billion market capitalization and strong trading liquidity have enhanced the credibility of the new financing plan, increasing the company's target price to $550.

In addition, the two analysts also praised Strategy's decision to improve Bitcoin-related performance targets, including raising the 2025 BTC yield target from 15% to 25%, and raising the BTC yield target from $10 billion to $15 billion.