Strategy Adds 250 Bitcoin (BTC) as Barclays Sets $175 Share Target

Strategy bought 250 Bitcoin (BTC) for $21.5 million during the week ended Oct. 11, while Barclays’ $175 target applies to its shares rather than Binance’s separate perpetual contract. The purchase averaged $86,194 per BTC. Strategy held 848,250 BTC as of Oct. 11. Barclays analyst Nik Cremo raised the target from $160 to $175 on Oct. 9 and maintained an Overweight rating. The target applies to Strategy’s Nasdaq-listed common shares, which trade under MSTR. Binance’s MSTRUSDT is a separate USDT-settled perpetual contract that tracks Strategy’s common shares and trades 24/7. A target for the shares does not set a price for the contract. Strategy shares closed 1.89% higher at $154.34 on Oct. 9, when Barclays made the change; the session is covered in an account of Strategy’s Oct. 9 trading .

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