Strategy · Bitcoin · Crypto Briefing
H.C. Wainwright reiterates buy rating on Strategy with $250 price target
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Analyst Mike Colonnese points to $20.9 billion in unrealized Bitcoin gains and $5 billion in cash reserves as pillars of the bull case.
Key facts
- Analyst Mike Colonnese points to $20.9 billion in unrealized Bitcoin gains and $5 billion in cash reserves as pillars of the bull case
- H.C. Wainwright analyst Mike Colonnese has maintained his Buy rating on Strategy Inc
- Strategy reported $20.9 billion in unrealized fair-value gains on its digital asset holdings for Q3 2026, a figure that anchors the bull case even as the pace of new Bitcoin purchases slowed relative
- The company also reported approximately $5 billion in USD reserves following its preferred stock repurchases
Summary
H.C. Wainwright analyst Mike Colonnese has maintained his Buy rating on Strategy Inc. (NASDAQ: MSTR) and kept his price target at $250, citing the company’s financial position after its Q3 2026 earnings release. Strategy reported $20.9 billion in unrealized fair-value gains on its digital asset holdings for Q3 2026, a figure that anchors the bull case even as the pace of new Bitcoin purchases slowed relative to prior quarters. The company also reported approximately $5 billion in USD reserves following its preferred stock repurchases. The preferred stock buyback program totaled $2 billion during the quarter.