MicroStrategy(US:MSTR) Zhi Tong Cai Jing·2026-02-07 00:40Group 1 - Bitcoin is regaining its status as a favored asset among high-risk traders, with a significant rebound following a sharp decline in the cryptocurrency market [1] - Bitcoin experienced its largest single-day rebound in nearly three years, rising approximately 13% from a low of around $60,000 to above $70,000, recovering nearly all losses from the previous day [1] - The recovery in Bitcoin's price has positively impacted related stocks, such as Strategy (MSTR.US), which saw its stock price surge over 26% on the same day [1] Group 2 - Analyst Lance Vitanza from TD Cowen noted that Strategy has approximately $2.25 billion in cash reserves, sufficient to cover about $900 million in fixed expenses for nearly 17 months, and to support a potential $1 billion convertible bond redemption in September 2027 [2] - The recent rebound in the cryptocurrency market is viewed as an "emotional recovery," with some analysts suggesting it is a technical rebound after the exhaustion of selling momentum [2] - TD Cowen maintains a relatively optimistic mid-term outlook, suggesting that the recent decline could pave the way for Bitcoin to reach new highs, potentially by the third quarter [2]