MicroStrategy Inc. (MSTR) continues to face challenges as it reported $5.9 billion in unrealized Bitcoin losses for the first quarter of 2025. Despite these losses, Benchmark has reaffirmed its 'Buy' rating for the company, maintaining a price target of $650 per share. The stock recently closed at its lowest level since November 5, 2024, and is currently down 56% from its 52-week highs, ranking as the 192nd most valuable company in the U.S. However, trading volume surged to $8.5 billion, with the stock experiencing a 26% increase. Bitcoin's price, which reached $77,000 just days prior, has allowed MicroStrategy to recover approximately $5.77 billion of its losses, raising questions about the sustainability of its investment strategy led by CEO Michael Saylor.