Mizuho reduced its price target for Strategy Inc. after revising its long-term Bitcoin expectations, yet the firm continues to expect meaningful upside for the company’s shares. The brokerage lowered its target to $213 from $265 while keeping its Outperform rating unchanged.
The adjustment followed Strategy’s recent decision to sell part of its Bitcoin holdings to finance dividend payments. Despite the lower valuation, analysts still believe the stock can regain momentum as the company strengthens its financial position and prepares for future opportunities.
$MSTR | Mizuho maintains 𝐎𝐮𝐭𝐩𝐞𝐫𝐟𝐨𝐫𝐦 on 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐲, 𝐜𝐮𝐭𝐬 𝐏𝐓 𝐭𝐨 $𝟐𝟏𝟑 𝐟𝐫𝐨𝐦 $𝟐𝟔𝟓
Analyst adjusts model following MSTR’s latest Bitcoin selling, updating BTC holdings and end-of-2027E price assumptions to derive the new $213 PT. pic.twitter.com/XDwgC2MxXf
— Hardik Shah (@AIStockSavvy) July 7, 2026
Bitcoin Sale Reshapes Market Outlook
Strategy sold 3,588 Bitcoin for approximately $216 million to cover dividends tied to its digital credit securities. The company still controls 843,775 Bitcoin alongside $2.55 billion in U.S. dollar reserves.
Meanwhile, Mizuho also reduced its year-end 2027 Bitcoin forecast to $71,500, prompting the lower stock target. However, analysts maintained confidence in Strategy’s broader business model despite the revised assumptions.
S&P 500 Hopes Remain a Key Catalyst
Bullish selling if:
– selling gets $MSTR into the S&P 500
S&P Global wanted proof they can raise cash during a ‘Bitcoin stress’.
Well, now they have it.
And if inclusion happens, every boomer and VWCE investor buys MSTR passively every month.
Strategy then can buy back all… https://t.co/UOMQ9eYaVO
— Ignas | DeFi (@DefiIgnas) July 6, 2026
Crypto researcher Ignas argued the Bitcoin sale could improve Strategy’s chances of joining the S&P 500. Consequently, index funds could purchase the stock if the company secures inclusion.
Additionally, Ignas suggested Strategy may eventually rebuild its Bitcoin position. Meanwhile, Strategy shares traded at $99.22, falling 1.54% during the latest session as investors weighed the recent developments.
Related: Why Institutional Capital Is Becoming More Selective in Crypto
