Strategy's Bitcoin Holdings Face Uncertainty

Cantor Fitzgerald analysts have revised their price target for Strategy shares, now expecting a drop to $229 within a year, down from $560. Despite this, they maintain a positive outlook. The revision reflects a decrease in the value of Strategys treasury operations, now at $74 per share, down from $364. Strategy is projected to raise $7.8 billion from capital markets, a significant decrease from earlier projections. Market concerns about a crypto winter and Bitcoins decline have caused Strategy shares to drop to $178 and Bitcoin to fall below $90,000. However, Strategy has a $1.44 billion cash reserve and no debt maturing until 2028, making it unlikely to sell its Bitcoin holdings.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.