BTIG Research analyst Andrew Harte slashed the firm’s price target on Strategy Inc. from $350 to $250 while keeping a Buy rating, implying roughly 150% upside from recent trading levels.
The move comes as Bitcoin has slumped into a $58K to $61K trading range, well below the $70K levels it touched earlier in 2026.
The Bitcoin math problem
Strategy, formerly MicroStrategy, holds approximately 847,363 BTC as of late June 2026, making it the largest corporate holder of Bitcoin on the planet by a wide margin.
The average acquisition cost for that stash sits around $66,385 per coin. With Bitcoin trading in the $58K to $61K range, Strategy is currently underwater on its aggregate position.
