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Investing.com - Clear Street has raised its price target on Strategy (NASDAQ:MSTR) to $537.00 from $508.00 while maintaining a Buy rating. The stock, currently trading at $386.71, has delivered an impressive 153.2% return over the past year, according to InvestingPro data.
The upward revision reflects Clear Street’s outlook for stronger Bitcoin yield and higher forward Bitcoin balances, partially offset by an expected increase in share count.
The firm views Strategy as a unique, high-beta vehicle for leveraged Bitcoin exposure, with the company’s Bitcoin holdings now reaching 628,791 BTC.
With Bitcoin spot prices near $120,000, Strategy’s Bitcoin net asset value (NAV) totals approximately $73 billion, according to Clear Street’s analysis.
Clear Street considers Strategy shares attractively valued at approximately 1.7 times current NAV, 1.5 times 2025 estimated NAV, and 1.2 times 2026 estimated NAV.
In other recent news, MicroStrategy reported a strong second-quarter performance for 2025, surpassing earnings expectations with a fully diluted earnings per share (EPS) of $32.60, compared to the forecast of -$0.10. Revenue also exceeded projections, coming in at $114.49 million against the anticipated $113.65 million. BTIG raised its price target for MicroStrategy to $700 from $620, maintaining a Buy rating, following the company’s impressive earnings and insights into increased support for bitcoin. Additionally, MicroStrategy announced updates to its bitcoin holdings, acquiring 21,021 additional bitcoin for approximately $2.46 billion, bringing its total holdings to 628,791 bitcoin. The company has also launched an at-the-market (ATM) program to sell up to $4.2 billion of its Variable Rate Series A Perpetual Stretch Preferred Stock. This move is part of a strategic effort to conduct sales in a disciplined manner over time. These developments reflect MicroStrategy’s ongoing strategies and financial maneuvers in the market.
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