Strategy (MSTR) Could Be 7% Above Fair Value As Bitcoin Buying Continues
Strategy (MSTR) drew fresh attention after chairman Michael Saylor highlighted additional Bitcoin related moves shortly after the firm bought 267 BTC and expanded its preferred share repurchases. In the short term, Strategy shares have swung sharply, with a 7 day share price return of 6.7%, but a 30 day return that is down almost 10% as traders react to fresh Bitcoin purchases and preferred buybacks. Over a longer horizon, the stock shows strong momentum, with a 90 day share price return of...

