Investing.com-- Strategy (NASDAQ: MSTR ), formerly Microstrategy, remains the best pick for equity investors seeking Bitcoin exposure, Compass Point Research said in a note, lauding the company’s capital controls in acquiring more of the cryptocurrency.

Strategy is the biggest corporate holder of Bitcoin, having completed a slew of capital raises in recent months to buy billions of dollars of the cryptocurrency. The company owns 506,137 Bitcoins as of March 24, worth roughly $44 billion based on current prices.

Compass Point noted that Strategy had funded its Bitcoin purchases at “attractive terms,” despite persistent volatility in the crypto market. The company completed about three unique capital raises in the first quarter of 2025, where it purchased about $6.5 billion of Bitcoin.

“MSTR remains the best stock for equity investors seeking BTC exposure, and we see MSTR rallying further once BTC breaks the $93k Short-term Holder cost basis,” Compass Point said in a note.

The brokerage also noted that Strategy was outperforming Bitcoin so far in 2025 with a 14% gain, compared to a 9% drop in Bitcoin.

Compass Point expects Strategy to increase its convertible debt offerings- the company’s main vehicle for funding its Bitcoin buys- as crypto prices push higher this year.

Strategy was seen ramping up its Bitcoin purchases since November, as the world’s largest cryptocurrency hit a series of record highs on optimism over friendlier regulations under President Donald Trump.

But uncertainty over Trump’s trade and economic policies saw Bitcoin clock steep losses in recent months. Trump’s plans for a national Bitcoin reserve also largely underwhelmed.