Analyst downgrades MicroStrategy amid higher dilution

TD Cowen analysts have lowered their price target for Michael Saylor's Strategy shares, citing ongoing volatility and shareholder dilution. MicroStrategy (Nasdaq: MSTR), now rebranded as Strategy, has positioned itself as a digital-asset treasury vehicle, giving investors indirect exposure to Bitcoin (BTC) through equity markets. However, it is facing renewed scrutiny over its long-term positioning and its financial health. Market re-evaluation and MSCI pressure With Bitcoin’s price falling from nearly ...