On September 9, Strategy rose 3.92% in regular trading, trading at $140.464/share, with turnover of $225 million. The rally was driven by a confluence of bullish analyst actions and corporate capital return initiatives.
On the news front, Canaccord Genuity raised its target price on Strategy to $179. This follows B. Riley's recent adjustment of its target price from $155 to $175 while maintaining a Buy rating, and Alliance Global Partners initiating coverage with a Buy rating and a $217 target price — implying approximately 75% upside. The clustering of bullish calls from multiple investment banks provided a clear catalyst.
On the fundamental side, Strategy repurchased $176 million of STRC preferred stock last week and doubled its digital credit securities buyback program from $1 billion to $2 billion. As of September 7, the company held 845,050 BTC and $6.5 billion in assets. The options market simultaneously registered a $67.45 million dual-buy Call order, reflecting pronounced bullish positioning among institutional participants.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)