PANews reported on February 7 that according to CoinDesk, investment bank KBW (Keefe, Bruyette & Woods) has started coverage of Strategy (formerly MicroStrategy) and gave it an "outperform" rating with a target share price of $560. Strategy's current share price is about $329, up 1% in early trading.

The report pointed out that once Strategy adopts the updated Bitcoin fair value accounting standards of FASB (Financial Accounting Standards Board) in Q1 2025, its assets will switch from the old impairment measurement method to unrealized gains and losses included in net income, which will help improve financial performance. Previously, the company reported a $1 billion impairment loss in Q4 2024 due to its failure to adopt the new regulations.

KBW believes that Strategy has the largest Bitcoin reserves among listed companies in the world and has a variety of tools to further expand its BTC holdings. In addition, Strategy may generate on-chain revenue through applications on the Bitcoin network in the future, unlocking greater value and increasing the possibility of its inclusion in the S&P 500 index.