Strategy’s Bitcoin Engine Hits New Phase With S&P Ratings Nod, Canaccord Says

Broker Canaccord Genuity said Strategy’s (MSTR) transformation into a “full-cap-structure bitcoin acquisition engine” hit a new milestone with its first S&P credit rating, a B- with a stable outlook that recognizes the company’s increasingly sophisticated balance-sheet strategy. The rating validates Strategy’s disciplined capital management and access to markets, even as its fortunes remain tied to bitcoin’s (BTC) price, analysts led by Joseph Vafi wrote Monday. The analysts noted that S&P currently disc ...