Rally

bullish

MSTR

Reserve

<h2 id="a-href-https-x-com-search-q-24mstrsrc-cashtag_click-rel-noopener-noreferrer-nofollow-mstr-a-climbs-back-above-100-amid-broader-crypto-rally"><a href="https://x.com/search?q=%24MSTR&amp;src=cashtag_click" rel="noopener noreferrer nofollow">$MSTR</a> Climbs Back Above $100 Amid Broader Crypto Rally</h2><p>Shares of <a href="https://x.com/Strategy" rel="noopener noreferrer nofollow">@Strategy</a> ($MSTR) crossed back above $100 intraday on July 2, gaining more than 7% on the day and extending a rally that began after the company unveiled its Digital Credit Capital Framework on June 29. The move came alongside a broader crypto market uptick, with <a href="https://x.com/search?q=%24BTC&amp;src=cashtag_click" rel="noopener noreferrer nofollow">$BTC</a> trading near $61,500.</p><p>The framework represents a meaningful shift in how Strategy manages its capital structure. <a href="https://www.strategy.com/press/strategy-announces-digital-credit-capital-framework_06-29-2026" rel="noopener noreferrer nofollow">According to the company's official announcement</a>, the plan includes a $1 billion preferred securities repurchase program, a separate $1 billion Class A common stock buyback, a formal USD Reserve Policy, a revised dividend policy for <a href="https://x.com/search?q=%24STRC&amp;src=cashtag_click" rel="noopener noreferrer nofollow">$STRC</a> preferred stock, and a Bitcoin Monetization Program allowing the sale of up to $1.25 billion in $BTC to fund reserves and service obligations. The company's USD reserve stood at approximately $2.55 billion as of June 28, providing roughly 25.9 months of liquidity coverage when combined with BTC monetization capacity.</p><h2 id="wall-street-cuts-targets-but-holds-the-buy-ratings">Wall Street Cuts Targets But Holds the Buy Ratings</h2><p>The stock's push higher came despite a wave of price target reductions from major sell-side desks. <a href="https://cryptobriefing.com/citi-lowers-strategy-price-target-136/" rel="noopener noreferrer nofollow">Citi delivered the steepest cut, lowering its target to $136 from $260</a>, driven by a revised Bitcoin price forecast of $81,800 while keeping a Buy rating. BTIG trimmed its target to $250 from $350, maintaining Buy, and characterizing $MSTR as leveraged Bitcoin exposure that could outperform on the way back up as prices recover. Canaccord analyst Joseph Vafi cut his target to $130 from $163, also keeping a Buy, citing tougher conditions from Bitcoin's recent declines.</p><p><a href="https://finance.yahoo.com/markets/crypto/articles/mstr-draws-multiple-price-target-144824769.html" rel="noopener noreferrer nofollow">All three firms kept bullish ratings intact</a>, with analysts citing Bitcoin's slide rather than any fundamental deterioration in the company as the reason for the lower targets. The gap between surviving targets, ranging from $130 to $250, reflects how differently desks model the same balance sheet even as they agree the selloff is cyclical rather than structural.</p><p>One telling sign of where the conviction sits: $STRC, Strategy's preferred share series, rose just 0.47% on the day. The rally is concentrated in the common stock, suggesting it is momentum and framework optimism driving $MSTR, not a broad re-rating across the capital structure.</p><p><strong>Sources:</strong><br><a href="https://www.strategy.com/press/strategy-announces-digital-credit-capital-framework_06-29-2026" rel="noopener noreferrer nofollow">Strategy Inc. Official Press Release: Digital Credit Capital Framework</a><br><a href="https://cryptobriefing.com/citi-lowers-strategy-price-target-136/" rel="noopener noreferrer nofollow">Crypto Briefing: Citi Lowers Strategy Price Target to $136</a><br><a href="https://finance.yahoo.com/markets/crypto/articles/mstr-draws-multiple-price-target-144824769.html" rel="noopener noreferrer nofollow">Yahoo Finance: MSTR Draws Multiple Price Target Cuts</a></p>

Strategy just crossed $100 again, even as Wall Street cuts its price targets

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