Strategy (MSTR) Stock Price & Analysis: Wall Street Divided on Company’s Bitcoin Future
TLDR
- Strategy (formerly MicroStrategy) stock downgraded to “Sell” by Monness analyst with $220 price target
- Company holds 528,185 Bitcoin on its balance sheet, valued at approximately $44 billion
- Analyst concerned Strategy’s convertible issuance strategy for buying Bitcoin “is likely tapped”
- TD Cowen maintains opposing “Buy” rating with $550 price target
- Strategy recently acquired 22,048 more Bitcoins for $1.92 billion through stock sales
Strategy Inc., formerly known as MicroStrategy, is facing scrutiny about its ability to continue its aggressive Bitcoin acquisition strategy, according to a new analyst report.
The company, which holds over 528,000 Bitcoin valued at approximately $44 billion, saw its stock…
