Golden Finance reported that TD Cowen analysts stated that although the mNAV of Strategy recently fell below 1 (meaning its stock trading price is lower than the market value of its Bitcoin holdings), and Bitcoin has fallen to a seven-month low, this has not changed its long-term outlook. The company believes that as its Bitcoin accumulation model scales up, there is still significant room for rise.
Analysts Lance Vitanza and Jonnathan Navarrete maintained a target price of $585 for MSTR, which implies approximately 170% upside potential compared to Strategy's current stock price of around $194. They noted that the current weakness reflects more of the market volatility rather than any change in the company's ability to accumulate additional Bitcoin.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Whale @Jason60704294 Reopens 717.491 BTC Long Position Worth $54.33M at $75,731.7
Bitcoin whale @Jason60704294 reopened a long, buying 717.491 BTC at $75,731.7 (~$54.33M); incomplete screenshot hints a larger position. The prior long was liquidated on April 14 at $73,500 with ~\$5M loss, possibly avoiding more losses if markets rallied.
Abstract: On-chain analyst Ai姨 reports that whale account @Jason60704294 has reopened a Bitcoin long by purchasing 717.491 BTC at $75,731.7, valued at about $54.33 million. A shared screenshot appears incomplete, suggesting the position could be larger. The account’s previous long was liquidated on April 14 at $73,500, incurring roughly $5 million in losses, but this loss may have shielded against further losses from a later rally.
GateNews7m ago
Bitcoin Breaks Through $76,000 with 0.32% 24-Hour Gain
Gate News message, April 21 — Bitcoin broke through $76,000 on April 22, according to market data, with a 24-hour gain of 0.32%.
GateNews9m ago
Bitcoin Drops Below $75K, Trading at $74,992 with 1.63% 24-Hour Decline
Gate News message, April 21 — Bitcoin (BTC) fell below the $75,000 mark, currently trading at $74,992.3 with a 24-hour decline of 1.63%.
GateNews4h ago
USDT supply hits fresh $188b ATH as Tether tightens grip on stablecoins
Tether CEO Paolo Ardoino says USDT supply has hit a record $188b, cementing the stablecoin's dominance as broader stablecoin liquidity sits near all-time highs.
Summary
Tether CEO Paolo Ardoino says USDT supply has reached a record $188 billion.
The new peak comes weeks after stablecoins hit a
Cryptonews7h ago
Grayscale Research Head: Bitcoin Rally Above $76K Could Signal Start of Bull Market Phase One
Grayscale research head Zach Pandl analyzes Bitcoin's rebound from a February low, using the realized price metric to show recent buyers at breakeven and hint at an early bull phase, with a reported bottom around $65k-$70k.
Grayscale’s Pandl: Bitcoin hit ~63k in Feb, rose to ~76k; realized price ~74k shows recent buyers breakeven, hinting at early bull phase and a bottom around 65-70k.
GateNews7h ago
