Mizuho Securities analyst Dan Dolev( has lowered the target stock price for MicroStrategy )MSTR( from $484 to $403, citing increased geopolitical risks stemming from the Greenland dispute, which has heightened volatility for companies related to Bitcoin. Previously, TD Cowen also downgraded the company's target stock price. Despite the bleak outlook, MicroStrategy continues to increase its Bitcoin holdings, recently using $1.83 billion from stock sales to purchase 22,305 Bitcoin at an average price of $95,284 per coin, bringing its total Bitcoin holdings to 709,715 coins. Influenced by the Bitcoin price of $91,029.04, MSTR's stock price fell 5.03% in pre-market trading.
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Mizuho Securities analyst Dan Dolev( has lowered the target stock price for MicroStrategy )MSTR( from $484 to $403, citing increased geopolitical risks stemming from the Greenland dispute, which has heightened volatility for companies related to Bitcoin. Previously, TD Cowen also downgraded the company's target stock price. Despite the bleak outlook, MicroStrategy continues to increase its Bitcoin holdings, recently using $1.83 billion from stock sales to purchase 22,305 Bitcoin at an average price of $95,284 per coin, bringing its total Bitcoin holdings to 709,715 coins. Influenced by the Bitcoin price of $91,029.04, MSTR's stock price fell 5.03% in pre-market trading.