Strategy's new plan divides industry observers even as MSTR, STRC climb
Strategy’s new capital framework lifted some analyst sentiment but also intensified debate over its Bitcoin-heavy model. Benchmark reiterated a Buy rating on MSTR with a $570 price target, saying the update gives the company more flexibility to manage its balance sheet and makes it an active manager of both assets and liabilities. The stock jumped after the announcement, though it softened in premarket trading as skepticism lingered. The framework authorizes up to $1.25 billion in potential Bitcoin sales to raise capital, about 2.5% of Strategy’s 847,363 BTC holdings. Supporters say this could improve resilience after recent volatility and may signal a local bottom. Critics argue the shift raises questions about long-term conviction and whether the company should reduce its BTC position to ease market overhang. Some observers see the move as helpful but uncertain, while others say financial engineering alone will not create durable value.
