Strategy Incorporated Buys 3,015 BTC, Faces $7.7B Paper Loss, Analysts Diverge on Price Targets
Strategy Incorporated bought 3,015 BTC at an average price of $67,700, raising its holdings to 720,737 BTC and incurring $7.7B in unrealized loss. Analysts kept an Outperform stance but cut the price target to $320 at Mizuho while H.C. Wainwright lifted its target to $540.
1. Bitcoin Acquisitions
Strategy Incorporated acquired 3,015 BTC this week at an average cost of $67,700 per coin, bringing its total holdings to 720,737 BTC. The company funded recent purchases in part through a $3.9 billion equity raise in January, which also supported acquisition of 41,002 BTC.
2. Unrealized Losses Impact
With an average acquisition cost of $75,985 per Bitcoin and current trading near $65,500, Strategy’s Bitcoin treasury shows approximately $7.7 billion in unrealized losses. These paper losses underscore market volatility but have not deterred the firm’s ongoing accumulation strategy.
3. Divergent Analyst Price Targets
Analysts maintained bullish ratings on the stock despite mixed forecasts. Mizuho held an Outperform rating but cut its price target from $403 to $320, while H.C. Wainwright raised its target from $500 to $540, reflecting contrasting views on the company’s execution and Bitcoin outlook.