Michael Saylor's MicroStrategy hits lowest price since September 2024

Core Viewpoint - MicroStrategy continues to aggressively purchase Bitcoin, acquiring 2,932 BTC for $264.1 million, despite market volatility [1] Group 1: Company Overview - MicroStrategy has transformed from a software company to the largest publicly listed Bitcoin holding company, with 712,647 BTC valued at $54.19 billion as of January 25 [2] - The company's nearest competitor, MARA Holdings, holds approximately 53,250 BTC as of January 30 [3] Group 2: Analyst Opinions - Analysts are divided on MicroStrategy's Bitcoin strategy, with Mizuho reducing its price target from $484 to $403 while maintaining an "Outperform" rating [3] - TD Cowen lowered its price target from $500 to $440 but kept a "buy" rating [3] - Cantor Fitzgerald assigned an "Overweight" rating with a price target of $213, indicating a potential upside of about 33% [4] Group 3: Financial Health and Market Position - Concerns about MicroStrategy's financial health arose when its market net asset value (mNAV) dropped to nearly 1, indicating the stock was trading at the value of its Bitcoin holdings [5] - As of January 30, MicroStrategy's mNAV was at 1.05, suggesting slight improvement [5] - The company faced potential delisting from MSCI indices due to its mNAV issues but received temporary relief when MSCI decided not to exclude companies with significant digital asset allocations [6]