MSTR

Strategy Inc (MSTR) Discusses Digital Asset Monetary Spectrum and Bitcoin's Role as Money Transcript

Strategy NASDAQ: MSTR executives said the company's near-term priority is strengthening its digital credit business, particularly its STRC preferred instrument, rather than repurchasing common shares or paying a dividend on MSTR stock.

Strategy's (NASDAQ:MSTR | MSTR Price Prediction) shares are rising Monday afternoon, up 5% to $97.95, but the headline this week isn't today's bounce.

Michael Saylor's Strategy raised roughly $333.7 million last week. It bought zero Bitcoin.

Strategy Inc (NASDAQ:MSTR) stock is up 2.3% to trade at $95.21 today, after the cryptocurrency company raised $333.7 million in at-the-market stock sales.

Strategy (formerly known as MicroStrategy) MSTR stock surged 3% on Monday as the Bitcoin-focused company led by Michael Saylor kept its Bitcoin holdings unchanged over the past week while continuing to raise cash through sales of its own shares. According to a filing with the US Securities and Exchange Commission, Strategy sold 3.46 million shares of MSTR common stock between Aug. 10 and Aug. 16, generating about $333.7 million in net proceeds.

Tesla, Palantir, Coinbase, Strategy and Robinhood could be among Wall Street's biggest movers on Wednesday when July inflation data tests appetite for expensive growth and speculative assets. Economists expect headline CPI to rise 0.1% from June and 3.4% from a year earlier, while core inflation is forecast to increase 0.2% monthly and 2.5% annually.

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.

Strategy (NASDAQ:MSTR | MSTR Price Prediction) currently trades at $97.33, while the Wall Street consensus price target sits at $232.50, an implied gap of 138.88%.

Shares of Riot Platforms (NASDAQ:RIOT | RIOT Price Prediction) are down 6% to $19.36 in Monday midday trading, joined by MARA Holdings (NASDAQ:MARA) falling 6% to $9.52 and CleanSpark (NASDAQ:CLSK) sliding 5% to $11.69.