Strategy Stock Soars as BTIG Analysts Say ‘MSTR’s Capital Structure Will Enable It to Outperform BTC’

Financial firm BTIG just released a new update on Strategy stock (MSTR), giving crypto investors a major reason to look forward to the future. Even though the digital asset market has faced a tough drop recently, BTIG analysts Andrew Harte and Brendan Greaney are urging people to focus on the long-term potential of the company. In their research note from July 1, 2026, the team stated, “we are positive on BTC long-term and believe MSTR’s capital structure will enable it to outperform BTC as prices recover”.

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MSTR stock closed up 7.43% yesterday and jumped another 6.37% in early pre-market trading today as investors enthusiastically reacted to Strategy’s new capital management plan.

New Framework Protects Strategy Preferred Shares

In their report, the analysts highlighted that Strategy’s preferred shares, especially STRC, surged about 12% following the announcement of its new financial framework. The team pointed out that this new plan focuses on two main improvements: keeping enough cash on hand to cover at least a year of interest and dividend costs, and setting up share buybacks to help the company trade above its actual net asset value.

Harte and Greaney explained that while Strategy holds an enormous amount of crypto, enough to cover its preferred payouts for the next 28 years, the market cares much more about actual cash safety right now. To fix this concern, the business raised over $1 billion by selling common stock last week, building up a U.S. dollar reserve that safely covers 17 months of dividends.

BTIG Updates Its MSTR Stock Price Target

Even though the team remains highly optimistic about the future, they had to lower their price target from $350 down to $250. This change simply accounts for the 28% drop in Bitcoin’s price (BTC-USD) since the first quarter, alongside the company’s upcoming dividend obligations.

Despite the lower price target, the firm kept its strong Buy rating. Harte and Greaney concluded that they view Strategy’s shift from a simple “one-way capital issuance story” to an active manager of its own funds as a highly positive near-term spark for the stock.

Is Strategy Stock a Buy, Hold, or Sell?

According to TipRanks, Strategy (formerly known as MicroStrategy) stock has a consensus Strong Buy rating among 12 Wall Street analysts. This rating is based on 10 Buy and two Hold ratings assigned in the past three months. The average 12-month MSTR price target of $291.92 implies 212.6% upside from current levels. (See MSTR stock forecast)

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