Citi raises Strategy valuation to $240 on higher Bitcoin forecast
Image: The Crypto BasicCiti raised its 12-month view for Strategy shares to $240 from $136. The bank lifted its 12-month Bitcoin forecast to about $113,400 from $82,000, a 39% increase. Citi ties about 34% of potential upside to Bitcoin appreciation and 16% to Strategy's mNAV expansion. Strategy bought 1,665 BTC at an average price of $85,681, and Bitcoin traded above $86,000.
Key points
- Citi linked about 16% of expected upside to expansion in Strategy's mNAV multiple.
- Citi raised its Bitcoin Yield Multiple assumption to 4.0x from 2.5x.
Why it matters
Strategy holds a large corporate Bitcoin position, so analyst views on BTC and its mNAV premium shape how the stock is valued. Citi's model ties about half of the potential upside to those two factors.
What's unclear
Citi's 12-month Bitcoin forecast is given as about $113,400 in one report and $113,000 in the other.
Strategy's share price is cited as around $159 and around $160.50.
Price context · BTC
At publication
$84,521.00
Now
$84,477.00
Change since
−0.05%
7 days · dashed line = publication
Sources · 3 publishers
Blockonomi
Tier 3
Citigroup Boosts Strategy (MSTR) Price Target 76% to $240 Amid Renewed Bitcoin Optimism
CoinGape
Tier 2
Citi Upgrades Strategy’s MSTR Stock Price Target To $240 As Bitcoin Rallies Above $86K
Coverage timeline
- First reported by The Crypto Basic
- Confirmed by Blockonomi
- CryptoVideos brief published
How this brief was made. Our system found this event in 3 independent publications, summarised two complete reports with AI and checked every number above against the source text. Sources are linked in full. Not financial advice. Report an error
FORM
−3.0%
