Digital Currency / Investing

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Strategy Buys 250 Bitcoin (BTC) as Barclays Lifts Share Target to $175

Barclays analyst Nik Cremo kept an Overweight rating after an Oct. 9 revision. The $175 target applies to Strategy's Nasdaq-listed MSTR shares.

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Strategy’s headquarters stands in Tysons Corner, Virginia, beneath a gray autumn sky. / EconoTimes.ai (mono)
Strategy’s headquarters stands in Tysons Corner, Virginia, beneath a gray autumn sky. / EconoTimes.ai (mono)

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Strategy's latest Bitcoin (BTC) purchase added 250 BTC during the week ending Oct. 11, taking its holdings to 848,250 BTC as Barclays lifted its share target.

The purchase cost $21.5 million, an average of $86,194 per BTC.

Barclays analyst Nik Cremo's Oct. 9 revision set the share-price objective at $175, up from $160, and left the rating at Overweight. The call covers Strategy's common stock traded on Nasdaq under MSTR.

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