MSTR: Strategy Stock Crashes 7% As Bitcoin Tanks Below $109K
Sep 26 - Strategy 
MSTR, formerly known as MicroStrategy, saw its stock drop about 7% on Thursday as Bitcoin weakness continued to pressure shares. Bitcoin slipped below $109,000, hitting a three-week low just ahead of a $22 billion options expiry. The decline adds to concerns tied to the potential U.S. government shutdown, which has weighed on sentiment across crypto markets.
MSTR stock has fallen more than 12% over the past month and is up only 4% year-to-date. The company remains the largest corporate holder of Bitcoin, while also offering AI-powered enterprise analytics software. Recently, Strategy raised $100 million through stock and preferred share sales, using the proceeds to buy another 850 Bitcoin. Investors, however, reacted cautiously to the new purchases, pointing to the risk of shareholder dilution from repeated equity offerings.
As of September 21, the company held 639,835 Bitcoin. Critics argue this makes MSTR a leveraged bet on the cryptocurrency. On Thursday, long-time skeptic Peter Schiff warned of a brutal bear market for firms heavily exposed to Bitcoin, noting that MSTR shares remain 45% below their November 2024 peak.
Is MSTR Stock a Buy?
Based on the one year price targets offered by 13 analysts, the average target price for Strategy Inc is $551.08 with a high estimate of $705.00 and a low estimate of $175.00. The average target implies a upside of +83.26% from the current price of $300.70.