Key facts
- Monness Crespi Hardt reiterated a Neutral rating on MicroStrategy (MSTR).
- The firm maintained a fair value estimate of $130 for MSTR.
- The firm cited a $14.5 billion Bitcoin-related loss.
- The firm cited MicroStrategy's shifting capital strategy.
- The firm cited MicroStrategy's move to sell Bitcoin.
Monness Crespi Hardt has reiterated its Neutral rating on MicroStrategy (MSTR), setting a fair value estimate of approximately $130. The decision comes in light of a recent $14.5 billion loss attributed to the company's Bitcoin holdings. The firm also noted a shift in MicroStrategy's capital strategy and its recent actions to sell Bitcoin.