What you need to know (before your coffee gets cold):
- KBW just gave Strategy an outperform rating and a $560 price target. Dream big, right?
- Rumor has it the stock might crash S&P 500’s party with some accounting sorcery. 🎩✨
- If BTC is a game of Monopoly, Strategy is snatching all the hotels. 🏨➡️🤑
Remember when “MicroStrategy” sounded like something you’d buy at IKEA? Well, now it’s “Strategy”—shorter, cooler, and way more obsessed with Bitcoin. It’s like your one friend who discovered NFTs and hasn’t stopped talking about them.
KBW, in their infinite wisdom, has just slapped an “outperform” sticker and a $560 price target on Strategy stock. That’s up from its current value of about $329. Baby steps or moonshots? You decide. 🚀
Apparently, Strategy plans to upgrade from its retro accounting style to something that screams “2024”. They’re going for “fair value accounting,” which basically means they’ll finally stop pretending Bitcoin is still their moody teenager and start treating it like the adult (with unrealized gains/losses) it truly is.
Here’s a plot twist: they could’ve avoided that $1 billion “oopsie” impairment loss last quarter had they updated their FASB rules earlier. But hindsight is 20/20 – or in their case, 560/329.
If they play their cards right (and bitcoin doesn’t decide to go skydiving without a parachute), Strategy might cozy up to the S&P 500. But first, they need those sweet, sweet positive net earnings. They’re halfway there… or so they think.
By the way, Strategy holds more Bitcoin than anyone you know—unless your uncle is Satoshi Nakamoto. And KBW says they’ve got plenty of tricks up their sleeve to grow that stash: more Bitcoin stacking, dabbling in on-chain yields, and maybe even launching a TikTok account soon. Okay, I made up the TikTok part. But wouldn’t that be something? 😎
The cherry on top? Applications on the Bitcoin network could “unlock massive value”. Translation: it’s the blockchain’s world; we’re just living in it. Cue the inspirational music.
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2025-02-07 17:06