Strategy Inc Price Target Cut to $198 as Bitcoin Holdings Rise to 714,644 Coins
Brokerage Clear Street lowered Strategy Inc’s price target to $198 from $268 while maintaining a Buy rating, citing lower bitcoin prices and conservative yield assumptions. Strategy Inc acquired 1,142 bitcoin for $90 million at an average of $78,815, bringing total holdings to 714,644 coins (cost $54.35 billion).
1. Clear Street Lowers Price Target
The brokerage firm Clear Street lowered Strategy Inc’s price target from $268 to $198 while reaffirming a Buy rating, citing persistently lower bitcoin prices and more conservative yield assumptions that could temper revenue from digital asset treasury operations.
2. Acquisition of 1,142 Bitcoin
Between February 2 and 8, Strategy Inc acquired 1,142 bitcoin for approximately $90 million at an average price of $78,815, raising its corporate treasury to 714,644 coins acquired at a total cost of $54.35 billion.
3. Strategic Outlook and Catalysts
Strategy Inc remains the world’s largest corporate bitcoin holder and is positioned to benefit from potential regulatory reforms and bitcoin price stabilization, which the firm sees as medium-term catalysts for a stock recovery.