Strategy (MSTR) Stock: Is a 4-Week Bitcoin Buying Pause a Red Flag?
TLDR
- Strategy hasn’t bought any Bitcoin in four consecutive weeks, instead raising cash reserves to $3.2 billion.
- New data shows $22 billion of Strategy’s $58 billion Bitcoin pile belongs to lenders, leaving $36 billion for regular shareholders.
- Michael Saylor introduced new metrics, saying “Bitcoin Capital Markets require a new financial language.”
- Strategy’s debt acts as a multiplier — MSTR stock dropped 77% over the past year while Bitcoin fell 45%.
- 14 Wall Street analysts give MSTR a consensus Strong Buy, with an average price target of $275.46.
Strategy stock ticked up 1.7% in pre-market trading on Thursday after the company released new data breaking down who actually owns its Bitcoin. The stock is currently trading around $93.95, down over 6% on the day.
The new report shows that of Strategy’s $58 billion Bitcoin pile, $22 billion belongs to lenders. That leaves roughly $36 billion in Bitcoin for regular shareholders — a figure Strategy is now calling its “net reserve.”
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