KBW Starts Strategy Coverage With Outperform, Says Firm Offers Leveraged Bitcoin Exposure
2025-07-04 01:20:43
Description
Strategy (MSTR), the company formerly known as MicroStrategy, is an appealing investment for equity investors looking for levered bitcoin (BTC) exposure, investment bank KBW said in a research report Thursday. KBW assumed coverage of Strategy with an outperform rating and a $560 price target. The shares were 1% higher at around $329 in early trading. Once Strategy, the company co-founded by Michael Saylor, adopts the Financial Accounting Standards Board (FASB) updated accounting treatment for bi...
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