Bitcoin Treasuries said in a post on X that Clear Street, a prime broker with $31 billion, has reiterated its buy rating on Bitcoin treasury company Strategy and lifted its price target to $211. According to the post, Clear Street said Strategy spent most of the third quarter strengthening its financial position. That, in Clear Street’s view, leaves the company better placed to resume preferred stock issuance and restart growth in Bitcoin holdings per share. The update centers on Strategy’s capital structure and its capacity to increase per-share Bitcoin exposure, rather than on any newly disclosed operating figures. The source cited in the item was Bitcoin Treasuries’ post on X, as carried by Odaily.
Odaily reported that Bitcoin Treasuries said in a post on X that Clear Street, a prime broker with $31 billion, reiterated its buy rating on Bitcoin treasury company Strategy and raised its price target to $211.
Clear Street said Strategy spent most of the third quarter strengthening its financial position, leaving it better positioned to resume preferred stock issuance and restart growth in Bitcoin holdings per share.
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