Although Strategy (MSTR) 's massive purchase of Bitcoin (BTC) has caused its share price to soar by more than 2,500% over the past five years, Wall Street analysts believe that the situation could soon reverse.
Investment bank Monness Crespi downgraded MSTR to sell, arguing that its share price has room to fall further. Monness Crespi analyst Gus Gala believes that it will become increasingly difficult for MSTR to raise funds to buy bitcoin by issuing shares, forcing the company to turn to fixed income instruments: "If fixed income securities are not a large proportion of issuance, BTC's funding strategy will face increasing challenges."
Gala has a target price of $220 for Strategy, which means its price is down slightly less than 30% from its current range of around $300.
Wall Street investment bank Monness Crespi downgraded Strategy's rating to sell, believing its share price still has room to fall
2025-04-01 21:41:29
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