Core Viewpoint - H.C. Wainwright analyst Mike Colonnese maintains a "Buy" rating on MicroStrategy (MSTR) following strong third-quarter results, despite lowering the price target from $521 to $475, a decrease of 8.83% [1] Financial Performance - MicroStrategy reported strong financial performance in the third quarter, with notable net income and full-year guidance for Bitcoin (BTC) holdings [1] - The company is expected to expand its Bitcoin purchases in the fourth quarter, supported by additional preferred equity sales [2] Market Valuation - MSTR is currently trading at approximately 1.3 times its market net asset value (mNAV), representing a 35% discount to its historical average, indicating it is undervalued [2] S&P 500 Inclusion - MicroStrategy narrowly missed inclusion in the S&P 500 during the September rebalance, but now meets all criteria for inclusion, which could act as a major catalyst for the stock [3][4] - S&P Global Ratings assigned MicroStrategy a "B-" issuer credit rating, indicating higher credit risk, but maintained a stable outlook [4] Future Outlook - Analysts expect higher Bitcoin prices, improved capital access, and potential S&P 500 inclusion to drive further upside for MicroStrategy's shares [5] - Other analysts have also revised their outlooks on MSTR, maintaining bullish ratings while adjusting price targets downward [6][7]

Bitcoin treasury @MicroStrategy added 397 digital coins for around $45.6 million—an average price of $114,771 per coin—in one of its smaller buys in recent months amid rocky price action last week and mixed reaction to its latest quarterly earnings. https://t.co/JVl469ILkY ...

Bitcoin treasury Strategy added 397 digital coins for around $45.6 million—an average price of $114,771 per coin—in one of its smaller buys in recent months amid rocky price action last week and mixed reaction to its latest quarterly earnings. The Nasdaq-traded firm—formerly MicroStrategy—now holds 641,205 BTC worth $69.1 billion at Bitcoin's current price of $107,774.  Last week's buy was slightly bigger than its prior Bitcoin purchase of $43 million. The week before that, the company spent just $19 millio ...

Core Viewpoint - Strategy's transformation into a "full-cap-structure bitcoin acquisition engine" has achieved a significant milestone with its first S&P credit rating of B- and a stable outlook, reflecting its sophisticated balance-sheet strategy [1] Group 1: Credit Rating and Market Access - The S&P rating acknowledges Strategy's disciplined capital management and market access, despite its fortunes being closely linked to bitcoin's price [1] - Analysts noted that S&P currently discounts bitcoin's value due to its volatility, but this perception may change as bitcoin gains mainstream acceptance, potentially enhancing the company's credit standing [2] Group 2: Preferred Equity Program - Strategy's preferred equity program has performed strongly, raising $6.7 billion across four issues this year, including the largest U.S. IPO of 2025 [2] - Preferreds are described as "highly accretive," contributing to a 26% year-to-date bitcoin yield with manageable dividend costs [3] Group 3: Bitcoin Holdings and Future Outlook - The company holds approximately 641,000 BTC, valued at around $70 billion, representing about 3% of all bitcoin that will ever exist, solidifying its status as the largest corporate holder of bitcoin [3] - Strategy has reiterated its target of a 30% bitcoin yield, positioning itself as a leveraged play on the long-term appreciation of bitcoin [3] Group 4: Stock Performance and Analyst Rating - Canaccord Genuity has maintained a buy rating on Strategy and increased its price target from $464 to $474, although the stock was down 1.7% in early trading, around $265 [4]

Bitcoin Holdings - MicroStrategy has increased its Bitcoin holdings by 397 BTC [1] - The company spent $43 million to acquire the additional Bitcoin [1]

JUST IN: Michael Saylor's STRATEGY buys 397 Bitcoin for $45.6 MILLION https://t.co/C3eqxbbsfw ...

Bitcoin Holdings - Strategy acquired 397 BTC for approximately $456 million at roughly $114,771 per bitcoin [1] - As of November 2, 2025, the company holds 641,205 BTC acquired for about $4749 billion at an average price of $74,057 per bitcoin [1] Investment Performance - The company has achieved a BTC Yield of 261% Year-to-Date (YTD) in 2025 [1]

BREAKING: 🇺🇸 Saylor’s Strategy has just bought 397 bitcoin for $45.6 million. https://t.co/9uQOh9DuhA ...

JUST IN: Michael Saylor's 'Strategy' buys 397 Bitcoin worth $43,000,000. ...

Core Viewpoint - MSTR stock price has significantly declined this year, reaching its lowest level since April, with a drop of over 42% from its peak earlier in the year [1] Group 1 - The stock price of MSTR has crashed this year, indicating a severe downturn in market performance [1] - The decline in MSTR's stock price reflects both technical and fundamental weaknesses in the company's strategy [1]