Suh-ho has lowered the target price for Strategy, but maintains a positive rating. The adjusted target price was $213, which was lower than the previous $265 due to the agency ' s downward revision of the price projection for the year ended 2027.
This adjustment occurred after Strategy sold part of the bitcoin. The company had previously sold 3588 bitcoin, with an estimated $216 million. Upon completion of the transaction, Strategy held 843,775 bitcoins and retained approximately $25.5 billion in cash reserves.
Rae-ho's long-term expectations.
Seo-ho revised the price projection downwards to $71,500 for Bitcoin to the end of 2027, thus synchronized the downward revision of Strategy ' s valuation target. However, the agency maintains a “run-to-win” rating, indicating that it maintains a positive view of the stocks of the Bitcoin Treasury.
The market mood was under pressure because of the news of the sale. Bitcoin then briefly returned to the vicinity of $61,000 and then re-upped $63,000. As the bitcoin rebounded, the MTR stock price returned to $100 above. According to Yahoo Finance data, the unit ' s collection returns to this integer, reporting approximately $101.
Since the beginning of the year, however, MSTR has fallen by more than 34 per cent in aggregate, against the background of Bitcoin's performance in the current downward cycle.
Financial changes after the sale of bitcoin
Market differences around this deal remain. One view was that the sale of bitcoin might reflect pressure, while another was that it was more proactive financial management.
In a report dated 6 July, Grayscale Research indicated that the investor might have misread the transaction. In the Agency ' s view, the sale did not represent financial strain, but rather enhanced Strategy ' s financial position. Logically, while retaining large bitcoin holdings, companies have increased their dollar liquidity and reduced external concerns about financing structures.
The article mentions that the funds will be used to support dividends related to digital credit securities. Market commentators have also noted that Strategy has helped to improve the balance sheet perception by selling some bitcoin to meet cash needs rather than continuing to leverage financing.
The inclusion of the 500 is expected to gain further attention.
In addition to the financial dimension, the transaction also rekindled the market discussion as to whether Strategy was closer to the inclusion of the Standard 500 index.
Encryption researchers believe that liquidity in the weaker phase of Bitcoin can still be obtained through the sale of holdholdings, suggesting that companies have greater cash transfer capabilities, which may help to respond to issues that may have been of global concern before. Others noted that Strategy had recently built up a larger dollar reserve and repurchased part of the revolving debt to make its financing model more robust.
From a market reading, the debate has become more than just the sale of bitcoin per se, but rather whether it has allowed companies to reduce their reliance on new financing. If this judgement is accepted by more institutions, Strategy ' s valuation logic may shift more towards balance sheet quality and the sustainability of capital markets.