Strategy Inc Class A (NASDAQ:MSTR) strengthened liquidity with a $2.55B reserve and roughly $3.8B coverage including Bitcoin, yet mNAV slipped below 1.0; analyst targets were cut even as insider buys and a Michael Saylor hint of more Bitcoin sparked an 8% rally and retail bullishness.
Previous Week Recap
- MSTR Reserve, Liquidity Outlook: MSTR holds a $2.55B USD reserve (as of June 28, 2026) with a $1.76B minimum requirement. Combined with Bitcoin monetization, liquidity coverage is about $3.80B (≈25.9 months).
- mNAV Drops After Valuation Cut: MSTR's mNAV, comparing enterprise value to bitcoin holdings, fell under 1.0. Using market values for debt and preferred stock cut mNAV to about 0.89–1.04 in late June.
- Analysts Cut Targets, Buy Ratings: Analysts cut price targets for Strategy Inc Class A (MSTR): Citigroup lowered target to $136 from $260; BTIG cut target to $250 from $350. Both keep Buy ratings.
- MSTR Surges After Saylor Hints: MSTR jumped over 8% Friday after Executive Chairman Michael Saylor hinted on X at a possible Bitcoin buy; retail bullish sentiment spiked and online discussions rose.
- Le Buys 11,000 Preferred Shares: CEO Phong Le bought 11,000 Strategy Inc Class A (MSTR) preferred shares at ~$90.80 each (~$998,800); other senior execs also raised preferred and common holdings.
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