Benchmark Keeps $570 MSTR Target as Strategy Pauses Bitcoin Buys

TLDR

• Benchmark kept its Buy rating and $570 price target on Strategy stock.
• Strategy has paused Bitcoin purchases for five straight weeks.
• Strategy’s Bitcoin holdings remain unchanged at 843,775 BTC.
• The company’s U.S. dollar reserve rose to $3.75 billion.
• Strategy raised $544.5 million from MSTR share sales in the latest week.

Strategy Inc. shares fell as Benchmark Equity Research kept its Buy rating and $570 price target, while rejecting concerns that five straight weeks without a Bitcoin purchase signal a strategy shift.

Benchmark Defends Strategy’s Bitcoin Pause

Benchmark analyst Mark Palmer said Strategy’s latest cash-building activity reflects disciplined capital allocation rather than a move away from Bitcoin. The firm maintained its bullish view ahead of Strategy’s second-quarter earnings release on July 30.

Palmer wrote, “The company has made clear that it remains a long-term buyer of bitcoin while strengthening its balance sheet.” He said the larger cash reserve gives Strategy more flexibility to meet preferred dividend obligations and resume Bitcoin purchases when market conditions improve.

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