Strategy (MSTR), the largest corporate owner of Bitcoin in the world, received a boost from Mizuho Securities Top analyst Dan Dolev. The 4.5-star analyst increased the stock’s price target to $586 from $563 and maintained a Buy rating on the stock. The new price target indicates a potential 46% upside from current levels.
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This hike follows the company’s recent strong Q2 results and growing momentum in the Bitcoin space. Revenue came in at $114.5 million, just above expectations, but the highlight was its EPS of $32.60, which came in well above the expected loss of $0.10. The company also provided upbeat guidance for 2025.
It must be noted that the stock has been gaining momentum, driven by rising Bitcoin adoption, growing institutional interest, and optimism about clearer crypto regulations.
Why Dolev Is Bullish About MSTR Stock
Dolev is upbeat about MicroStrategy’s Q2 performance. During the earnings call, the company raised its 2025 guidance, increasing its expected Bitcoin yield from 25% to 30%. It also boosted its forecasted Bitcoin gains from $15 billion to $20 billion. According to Dolev, this Bitcoin gain figure shows how much value the company expects to generate each year from its Bitcoin holdings and treasury activities, highlighting the strength of its Bitcoin strategy.
The analyst also pointed out that MicroStrategy’s stock has outperformed Bitcoin this year, rising 32% compared to Bitcoin’s gain of 27%. This indicates that the stock is moving in step with Bitcoin but sometimes delivering higher returns, reflecting investor confidence in the company’s approach.
As a result, the analyst raised his price target to $586, showing his confidence that MicroStrategy will continue to grow its value and strengthen its position in the growing crypto market.
Looking Ahead
Dolev’s positive view is backed by MicroStrategy’s strong ability to raise funds, which lets the company buy more Bitcoin without pressuring current shareholders. For example, in the week of August 4–10, 2025, MicroStrategy sold preferred stock worth $13.6 million after fees and used the proceeds to buy 155 Bitcoin at around $116,401 each.
As of August 10, the company held 628,946 Bitcoin with an average cost of $73,288 per coin. It continues to use its ATM programs, which have over $47 billion in capacity, to fund Bitcoin purchases.
With regulatory clarity gradually improving and institutional interest in Bitcoin rising, MicroStrategy is well-positioned to benefit from these trends.
Is MicroStrategy a Good Stock to Buy?
Overall, Wall Street has a Strong Buy consensus rating on Strategy (formerly known as MicroStrategy) stock based on 11 Buys, one hold, and one Sell recommendation. The average 12-month MSTR price target is $563.69, implying 40.83% upside potential.
