With Bitcoin Falling, Is Strategy Stock in Trouble?
Strategy, (NASDAQ: MSTR) formerly known as MicroStrategy, has turned itself into a highly leveraged digital asset holder, with its fate tied almost entirely to the price of Bitcoin (CRYPTO: BTC).
But with Bitcoin down sharply from its early October highs, and Strategy's stock roughly cut in half from its peak in the same period, investors are asking whether the company could eventually be forced to dump its Bitcoin to repay debt, and whether that could crush the coin itself if it happens. Let's dig into the numbers and figure out the magnitude of the risks here.
Image source: Getty Images.
Source Fool.com
Microstrateg.a New Stock
€135.70
0.330%
The stock is one of the favorites of our community with 36 Buy predictions and 3 Sell predictions.
Based on the current price of 135.7 € the target price of 495 € shows a potential of 264.78% for Microstrateg.a New which would more than double the current price.
