The broker said the company’s full-cap bitcoin strategy is maturing, as preferred equity drives accretion and a new S&P credit rating expands its investor base.
Strategy’s Bitcoin Engine Hits New Phase With S&P Nod, Canaccord Says
The broker said the company's full-cap bitcoin strategy is maturing, as preferred equity drives accretion and a new S&P credit rating expands its investor base.
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After a 700% surge in Q4 crypto revenue, analysts now expect a pullback in Q1 as trading activity slows.
The average spot bitcoin ETF buyer sits near a $90,000 cost basis, leaving most investors roughly flat.
“BTC continues to consolidate bullishly, and a move through recent highs could set up a run toward $145,000,” one trader opined.
Bitcoin crept back toward $92,000 as markets slowly recovered from last week’s heavy sell-off, but mounting resistance threatens to keep the broader downtrend intact.