Barclays raises Strategy price target to $175, keeps Overweight
- —Barclays raised its MSTR target to $175 from $160, keeping Overweight
- —Strategy held 848,250 BTC as of October 11, per SEC filing
- —The company bought 250 BTC for $21.5 million from October 5 to 11
- —MSTR closed at $152.18 on October 13
Why it matters: The higher target backs the bitcoin-treasury thesis for Strategy, while its growing 848,250 BTC stack strengthens its sway over the market.
Source: TokenPost