The Wall Street bank initiated coverage of Strategy with a buy/high risk rating and a $485 price target.
Strategy Gets Buy Rating From Citi on Bullish Bitcoin Outlook
The Wall Street bank initiated coverage of Strategy with a buy/high risk rating and a $485 price target.
Shares:
Price action retreats from resistance as institutional selling emerges at key levels.
Helmed by CEO Mike Novogratz, the firm secured the entire 800MW of HPC capacity at Helios after CoreWeave exercised its final option.
While bitcoin hovers near $105,000, stronger government revenues and a record September surplus point to improving fiscal conditions.
Traders on Lyra have snapped up ether calls at the $5,000 strike and higher this week.