Strategy shares rose 5.96% to $144.13 on Tuesday at publication. According to NS3.AI, Clear Street analyst Brian Dobson maintained a Buy rating and raised his price target to $211 from $201 ahead of Strategy’s Oct. 29 earnings report.
During the third quarter, Strategy issued common shares faster than it acquired Bitcoin, diluting existing shareholders. Dobson said renewed preferred stock sales could help the company increase its Bitcoin holdings per share again.
