Key facts: MicroStrategy $2.55B Reserve; 720,737 BTC; Cowen Target $260

Strategy Inc Class A (MSTR) unveiled a dollar reserve policy, revised dividend plan, and authorized up to $1B repurchases each of digital credit securities and MSTR stock; USD rese

Strategy Inc Class A (MSTR) unveiled a dollar reserve policy, revised dividend plan, and authorized up to $1B repurchases each of digital credit securities and MSTR stock; USD reserve ~$2.55B.
Strategy Inc Class A (MSTR) held about 720,737 BTC (~$42B) as of June 30; BTC was near $58,400 that day and MSTR shares traded under pressure amid Bitcoin’s decline.
TD Cowen cut MicroStrategy (MSTR) price target to $260 from $400, kept Buy; cited lower bitcoin outlook and said Digital Credit Capital Framework improves credit visibility and capital flexibility.
BTIG kept MicroStrategy Inc. Class A (MSTR) at Buy and cut its price target from $350 to $250, lowering the per‑share outlook by $100 while retaining the Buy rating.