Strategy sells 1,638 Bitcoin for STRC support, yet MSTR stock rises – Why?

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Strategy sold 1,638 BTC for $104.73 million to fund dividend obligations and the repurchase program for its preferred stock Stretch (STRC). The company also sold $290 million worth of MSTR shares, with $250 million allocated to increase its USD reserve to $4 billion. Despite these sales, MSTR stock recorded a 1.7% relief rally on Monday, closing at $94.86. Analysts at Barclays and Cantor Fitzgerald forecast a 100%-240% upside potential, with price targets ranging from $180 to $240.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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