Citi reduced its 12-month Bitcoin forecast by 27% to $81,800, prompting a price target cut for Strategy Inc. to $136 from $260.
Citi lowered its price target for Strategy Inc. (NASDAQ:MSTR) to $136 from $260 while maintaining a Buy rating. The stock currently trades at $93, suggesting potential upside despite the reduction.
The adjustment follows Citi’s 27% cut to its 12-month Bitcoin forecast, now at $81,800, down from a prior estimate. The new MSTR target assumes a 40% contribution from Bitcoin’s price over the next year. Bitcoin recently fell to $61,593 amid broader market pressure.
Strategy Inc. has expanded its Bitcoin reserves to $2.55 billion after issuing $1.15 billion in shares, covering 17.4 months of dividends. The firm combines corporate Bitcoin treasury operations with AI-powered business intelligence software sales.