Maxim Group lowered its 12-month price target on Strategy from $250 to $215 while maintaining its Buy rating. With shares trading around $97, this revised target still implies roughly 120% upside. The adjustment reflects persistent stock volatility, fluctuating Bitcoin prices, and the uncertainty surrounding a company whose valuation is closely tied to its Bitcoin holdings. Strategy has expanded its at-the-market equity offering capacity to $44.1 billion to fund additional Bitcoin purchases, solidifying its position as the world’s largest corporate Bitcoin holder.
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