According to CoinDesk, investment bank KBW (Keefe, Bruyette&Woods) has launched coverage for Strategy (formerly MicroStrategy) and given it a "outperform the market" rating with a target stock price of $560. Strategy's current stock price is around $329, up 1% in early trading. The report points out that once Strategy adopts the updated fair value accounting standards for Bitcoin by the Financial Accounting Standards Board (FASB) in Q1 2025, its assets will shift from the old impairment measurement method to unrealized gains and losses recognized as net income, which will help improve financial performance. Previously, the company reported a $1 billion impairment loss in Q4 2024 due to not adopting new regulations. KBW believes that Strategy has the largest Bitcoin reserves among global listed companies and has multiple 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 enhancing its inclusion in S& The possibility of the P 500 index.