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$120,000 is the Bitcoin price one analysis identifies as the trigger to swing Strategy's 846,000-coin balance sheet from unrealized loss into gain and push MSTR shares, priced at $129.60, to a projected base case of $254.93, implying 96.7% upside from current levels.
Wall Street's consensus sits at $226.20, spread across 2 strong buys, 12 buys, and 1 hold with zero sell ratings. A separate bull scenario in the same analysis reaches $391.94.
The price-target spread | Metric | Value | Label | |---|---|---| | MSTR price | $129.60 | Reported | | BTC close, Sept 15 | $75,584 | Reported | | BTC trigger level | $120,000 | Projected | | Wall Street consensus | $226.20 | Projected | | Base-case target | $254.93 | Projected | | Bull-case target | $391.94 | Projected | Strategy (NASDAQ: MSTR), formerly MicroStrategy, holds 846,000 BTC at an average cost near $76,000.
Bitcoin closed at $75,584 on September 15, placing the holding roughly at breakeven on cost. CEO Phong Le said the company grew bitcoin holdings by 11% to that level and reduced convertible debt by 18% to $6.7 billion.
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