Citigroup quietly trims most crypto stocks, except one surprise pick

2 hours ago 2

After lowering its 12-month terms targets for Bitcoin (BTC) and Ethereum (ETH), Citigroup (NYSE: C) lowered the banal terms targets connected respective cryptocurrency companies connected March 19.

Founded arsenic the City Bank of New York successful June 1812, Citigroup is the third-largest banking instauration successful the United States by assets.

Citing the hold implicit the advancement connected the CLARITY Act, the slope precocious lowered the Bitcoin forecast from $143,000 to $112,000 and the Ether forecast from $4,304 to $3,175.

Now, the Wall Street slope has trimmed terms targets connected stocks of aggregate crypto companies.

Related: 213-year-old Wall Street elephantine trims Bitcoin, Ether terms targets

Strategy (Nasdaq: MSTR), formerly MicroStrategy, is the world's largest firm Bitcoin treasury led by billionaire Michael Saylor.

The institution present holds 761,068 Bitcoin, accounting for 3.6% of the full BTC supply.

Citigroup lowered the banal terms people connected Strategy by 20% from $325 to $260. The slope kept a "Buy" standing connected the company's shares.

The MSTR banal closed 6.5% little astatine $140.56 today.

Michael Saylor, co-founder and enforcement president of MicroStrategy Inc., during The White House Digital Assets Summit successful the State Dining Room of the White House successful Washington, DC, US, connected Friday, March 7, 2025.

Backed by PayPal co-founder Peter Thiel, Bullish (NYSE: BLSH) is a crypto trading speech for institutions.

Citigroup lowered the banal terms people connected Bullish from $67 to $65. The slope held a "Buy" standing connected its shares.

The BLSH banal closed much than 4% little astatine $38.28 today.

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Riot Platforms (Nasdaq: RIOT) is simply a fashionable Bitcoin mining company.

Citigroup chopped the terms people connected the banal from $23 to $21, portion keeping a "Buy" standing connected the shares.

The RIOT banal besides closed astir 4% little astatine $14.10 today.

BitGo Holdings (NYSE: BTGO) is a crypto custody company. It made its Wall Street debut successful January erstwhile it went nationalist connected the New York Stock Exchange (NYSE).

Citigroup trimmed the firm’s banal terms people connected BitGo from $18 to $17, portion keeping a "Buy" standing connected the shares.

The BTGO banal closed astir 6% little astatine $10.08 today.