Strategy Inc.'s MSTR Stock Dips as Bitcoin Buying Pauses Amidst Market Volatility

Strategy Inc., the company behind the MSTR stock, saw its shares drop 3% to $138.43 in premarket trading on Tuesday after a quiet week of Bitcoin purchases.

The company holds approximately 845,050 Bitcoins at an average price of about $75,412 each, making it the largest corporate holder of Bitcoin worldwide.

Bitcoin itself fell over 1% in the past 24 hours to $78,443, according to CoinDesk. Despite this, Canaccord Genuity raised its price target on MSTR from $175 to $179, maintaining a 'buy' rating and implying a 25% upside from current levels.

The broader analyst consensus remains at 'Moderate Buy,' with an average target price of $236.65, but not all analysts are bullish. TD Cowen cut its target from $400 to $260, while Barclays lowered its target from $130 to $125.