Strategy Reaffirms Bitcoin Commitment Amidst Market Declines
Strategy Inc., the company behind the MSTR ticker, continues to undergo significant changes in its approach to bitcoin. Analyst Mark Palmer of Benchmark reaffirmed a Buy rating and price target of $570.00 on Strategy stock, despite it trading at $96.59 as of now. The stock has seen a decline of 77% over the past year.
The company's introduction of new market metrics, including Net Reserve, Net BTC, and Net BTC Per Share, is part of its evolution into an issuer at the center of an emerging digital credit market built around perpetual preferred stock. Benchmark views this as a strategic transformation for the company.
Cantor Fitzgerald has reiterated its Overweight rating on Strategy stock with a price target of $212, while Mizuho adjusted its price target to $213 from $265, maintaining an Outperform rating. The company's bitcoin holdings stand at 843,775 as of June 30, 2026.
Distressed-debt funds holding Strategy Inc.'s preferred shares are in talks with Moelis & Co. about a potential swap deal for alternative securities. This comes amidst pressure from ongoing cryptocurrency market declines.