{"id":11915,"date":"2025-02-07T13:54:15","date_gmt":"2025-02-07T13:54:15","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=11915"},"modified":"2025-02-07T13:54:15","modified_gmt":"2025-02-07T13:54:15","slug":"kbw-starts-strategy-coverage-with-outperform-says-firm-offers-leveraged-bitcoin-exposure","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=11915","title":{"rendered":"KBW Starts Strategy Coverage With Outperform, Says Firm Offers Leveraged Bitcoin Exposure"},"content":{"rendered":"<div>\n<p>Strategy (MSTR), the company formerly known as MicroStrategy, is an appealing investment for equity investors looking for levered bitcoin (BTC) exposure, investment bank KBW said in a research report Thursday.<\/p>\n<p>KBW assumed coverage of Strategy with an outperform rating and a $560 price target. The shares were 1% higher at around $329 in early trading.<\/p>\n<p>Once Strategy, the company co-founded by Michael Saylor, adopts the\u00a0Financial Accounting Standards Board (FASB) updated accounting treatment for bitcoin holdings in the first quarter of this year, it will shift from an &#8220;outdated measurement approach to fair value accounting, with unrealized gains\/losses flowing to net income,&#8221; analyst Bill Papanastasiou wrote.<\/p>\n<p>The company reported an impairment loss of $1 billion for the fourth quarter of 2024 because it did not adopt new FASB rules. <\/p>\n<p>One of the most important criteria for joining the S&amp;P 500 index is positive net earnings in the last quarter and the sum of the previous four quarters, the report said.<\/p>\n<p>Strategy has the &#8220;largest bitcoin treasury held by a public operating company,&#8221; , and the company has a number of tools it could use to expand its BTC stack, KBW said.<\/p>\n<p>In the longer term, there is also the opportunity for Strategy to generate yield on-chain from applications built on the Bitcoin network, the bank said.<\/p>\n<p>The development of applications on top of the Bitcoin network could result in a massive value unlock, as it is the most secure, decentralized and valuable public blockchain, the report added.<\/p>\n<p>Read more: <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/02\/06\/strategy-sees-thursday-nasdaq-listing-for-strk-convertible-preferred-stock\" target=\"_blank\">Strategy Sees Thursday Nasdaq Listing for STRK Convertible Preferred Stock<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Strategy (MSTR), the company formerly known as MicroStrategy, is an appealing investment for equity investors looking for levered bitcoin (BTC) exposure, investment bank KBW said in a research report Thursday. KBW assumed coverage of Strategy with an outperform rating and a $560 price target. The shares were 1% higher at around $329 in early trading. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-11915","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/11915","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11915"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/11915\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11915"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11915"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11915"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}