Overview
- The company now holds 713,502 BTC at an average cost of about $76,052 per coin and disclosed a fresh purchase of 855 BTC on February 2.
- Shares fell roughly 15%–17% on Thursday to their lowest level in about 18 months, extending a slide that has left the stock down around 70% from recent highs.
- MicroStrategy’s market‑to‑net‑asset‑value multiple has compressed to roughly 1.06–1.09, leaving only a modest premium even as it can still issue equity without immediate dilution.
- Canaccord Genuity cut its MSTR price target to $185 from $474 but kept a Buy rating, citing the stock’s tight linkage to bitcoin and expectations for eventual stabilization.
- Management highlighted its ‘buy and hold’ stance on bitcoin and detailed funding flexibility, including $3.4 billion of STRC preferred shares at an 11.25% dividend and a $2.25 billion cash reserve to support dividends and interest.