Strategy’s no-bitcoin-buy week shows ‘greater balance-sheet discipline,’ analysts say
Covered by 2 sources · 2 articles
2 outlets - including Cryptonomist and Theblock - are covering this story. Strategy just did something that would have seemed unthinkable a year ago: it sold nearly $467 million of its MSTR common stock last week without buying a single satoshi of bitcoin. For a company that built its entire identity around aggres…
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Strategy Balance Sheet Discipline: $467M Raised, No BTC Bought
Strategy just did something that would have seemed unthinkable a year ago: it sold nearly $467 million of its MSTR common stock last week without buying a single satoshi of bitcoin. For a company that built its entire identity around aggres…
Strategy’s no-bitcoin-buy week shows ‘greater balance-sheet discipline,’ analysts say
Analysts from Benchmark and TD Cowen maintained Buy ratings and price targets of $570 and $260, respectively.