Citi rated MicroStrategy (MSTR) as ‘buy’ with a price target of 485 USD. The MSTR stock currently stands at around 302 USD, down from its peak at 473.83 USD in 2024.
MicroStrategy is the largest corporate Bitcoin holder with approximately 640,418 Bitcoins, valued at 71.6 billion USD. Citi warns of significant risks due to MSTR being a leveraged asset linked to Bitcoin’s fluctuations.
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