Analyst cuts MicroStrategy price target by 20%

The brokerage firm said the Bitcoin (BTC) treasury company holds reserves worth around $2 cardinal to screen astir 2 years of dividends.

The steadfast besides mentioned Strategy's "innovative products" similar Stretch (STRC) arsenic a flexible fiscal instrument.

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Though the steadfast has lowered the terms people connected the MSTR banal by astir 20% from $320 to $265, it still expects Strategy to instrumentality to profitability successful 2026, and statement estimates constituent to net per stock (EPS) of much than $54.

The steadfast besides lowered its end-of-2027 Bitcoin terms forecast from $128,000 to $94,000 following Strategy's Q1 2026 results.

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Strategy sells Bitcoin aft 4 years

The aforesaid day, Strategy co-founder Michael Saylor went backmost connected his vow to ne'er merchantability Bitcoin arsenic the institution announced the merchantability of 32 BTC for approximately $2.5 cardinal during May 26-31.

The announcement was hardly surprising, fixed that Saylor had already hinted astatine selling Bitcoin during the Q1 2026 net call.

However, this isn't the archetypal clip the institution has sold Bitcoin. In December 2022, it sold 704 BTC and bought 2,395 BTC primarily arsenic a "tax-loss harvesting" exercise.

Despite the latest merchantability of BTC, Strategy is inactive the world's largest Bitcoin treasury steadfast arsenic it inactive holds 843,706 BTC connected its equilibrium expanse arsenic of May 31.

The MSTR banal fell astir 6% to adjacent astatine $149.78 connected June 1 pursuing the latest announcement. Though the banal is down lone 1.5% this year, it has fallen 60% successful a year.

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This communicative was primitively published by TheStreet connected Jun 2, 2026, wherever it archetypal appeared successful the MARKETS section. Add TheStreet arsenic a Preferred Source by clicking here.