Strategy Stock Trades Below Bitcoin Treasury Value as Analysts Hold $585 Target

Strategy's shares now trade at a discount to the market value of its bitcoin holdings, with its modified net asset value falling below 1. TD Cowen analysts maintain their $585 price target despite the decline, projecting the company will hold over 815,000 BTC by end-2027. The discount reflects short-term market volatility rather than fundamental weakness in the company's accumulation strategy, according to the firm.