Strategy Inc’s Price Targets Diverge as It Buys 1,142 BTC for $90M
H.C. Wainwright raised Strategy Inc’s target to $540 from $500, while BTIG lowered its target to $250 from $630, both maintaining Buy ratings. In February, Strategy bought 1,142 BTC for $90 million, raising holdings to 714,644 coins as CEO Fong Lee aims to double BTC per share in seven years.
1. Analyst Price Target Divergence
H.C. Wainwright increased Strategy Inc’s price target to $540 from $500, citing consistent Bitcoin-per-share growth, while BTIG cut its target to $250 from $630 despite maintaining a Buy view, attributing its reduction to recent Bitcoin volatility and over-collateralized convertible debt.
2. Bitcoin Treasury Expansion
Between February 2 and 8, Strategy acquired 1,142 Bitcoin for roughly $90 million, paying an average of $78,815 per coin. This acquisition lifted total holdings to 714,644 Bitcoin, reinforcing the company’s position as a leveraged proxy for the asset.
3. CEO’s Growth and Risk Management Strategy
CEO Fong Lee stated that Bitcoin liquidation would only occur under a sustained 90% price collapse over five years. He also highlighted the Stretch preferred stock product as a funding source and reiterated the objective of doubling Bitcoin per share within seven years to drive shareholder value.