✉news BusinessCrypto first seen 10 d ago, last 10 d ago, peak #27
B. Riley cuts Strategy price target on lower Bitcoin assumption
Original: B.Riley cuts Strategy stock price target on lower Bitcoin assumption
B. Riley Securities has lowered its price target on Strategy, the Bitcoin-holding software company formerly known as MicroStrategy, citing a reduced assumption for the price of Bitcoin. The move reflects analysts marking down valuations of companies whose worth is closely tied to cryptocurrency holdings as Bitcoin price expectations soften.
Why now: Analyst downgrades tied to Bitcoin price assumptions draw attention from crypto and equity investors tracking sensitive stock valuations.
B. Riley SecuritiesStrategyBitcoinMicroStrategy
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