Strategy (MSTR) reported its third quarter earnings, missing revenue expectations but significantly beating earnings per share (EPS) due to a Bitcoin rally during the quarter. Bitcoin, the company's main holding, is valued by some crypto-specific methods at between $78,000 and potentially hundreds of thousands, suggesting a theoretical floor for MSTR's value. The article's author upgrades MSTR to a hold rating following the earnings report, reflecting cautious optimism amid mixed financial results and Bitcoin's influence on the stock's valuation.
MSTR shares are trading at USD 130.51 on Pluang as of Oct 31, 2026, 17:01 WIB, down 7.78% in the last day. The stock's market cap stands at $59.99 billion, reflecting significant investor interest despite recent volatility. Pluang data shows a strong buy sentiment with 72% of orders favoring purchases over sales.
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Strive purchased 6,182 Bitcoin last week, increasing its holdings to 43,000 BTC, while Strategy Inc., the largest corporate Bitcoin holder, paused its Bitcoin buying to spend $205 million on stock buybacks. This shift leaves Strive as the main corpor...
