Bitcoin Giant Strategy (MSTR) Outperforms BTC in 2025 with Smart Capital Moves

Strategy (NASDAQ: MSTR), formerly MicroStrategy, continues to lead as the top equity pick for investors seeking Bitcoin exposure, according to Compass Point Research. The firm praised Strategy’s strategic capital raises and disciplined approach to accumulating Bitcoin, despite ongoing market volatility.

As of March 24, Strategy holds 506,137 Bitcoins—valued at approximately $44 billion—making it the largest corporate holder of the cryptocurrency. The company purchased around $6.5 billion worth of Bitcoin in Q1 2025 alone, funded through three separate capital raises secured at favorable terms.

Compass Point emphasized that MSTR remains the best-performing Bitcoin proxy for equity investors. While Bitcoin has dipped 9% year-to-date, MSTR stock has surged 14%, showcasing its resilience and investor confidence in its long-term strategy.

With expectations of Bitcoin prices climbing higher in 2025, Compass Point anticipates that Strategy will continue leveraging convertible debt offerings to expand its holdings. This method has proven effective for the firm, allowing it to scale its Bitcoin treasury without excessive dilution or financial strain.

Since November, Strategy has ramped up its Bitcoin accumulation, capitalizing on a wave of optimism driven by anticipated crypto-friendly regulations under President Donald Trump. However, recent uncertainties surrounding Trump’s trade and economic policies have led to some setbacks in Bitcoin’s price performance. Additionally, his proposal for a national Bitcoin reserve failed to inspire investor enthusiasm.

Still, with its strong capital discipline and aggressive Bitcoin buying strategy, Strategy stands out as the premier Bitcoin-equity play, well-positioned to benefit from any future crypto rallies—especially if BTC breaks above the $93,000 short-term holder cost basis.