On October 21st, Citigroup assigned a Buy/High Risk rating to Strategy (MSTR) with a target price of 485 USD. The upgrade follows a prediction that Bitcoin will reach 181,000 USD in 12 months.
MSTR’s stock increased by 1.5% to around 301 USD. Analysts warn of a possible 61% drop if Bitcoin declines by 25%, while strategy plans to enhance its Bitcoin holdings through bonds and shares.
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