Citi Boosts Stake in Bitcoin-Focused Strategy Amid Bullish Outlook

Citigroup (Citi) has continued to build its stake in Strategy (NASDAQ: MSTR), a Bitcoin holding company. The bank recently purchased an additional 238,538 shares for approximately $22 million, bringing its total position to 961,554 shares valued at around $90.5 million.

This latest buy is the largest yet for Citi, which had previously acquired 723,016 shares worth around $41.2 million in October of last year. The bank also initiated research coverage of MSTR on October 21, 2025, assigning a Buy/High Risk rating with a price target of $485 per share.

Strategy has transformed itself into a Bitcoin holding company, with its treasury exceeding 840,000 BTC. Its stock often trades at a premium or discount to the underlying Bitcoin net asset value, depending on market sentiment.