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StocksMediumUpdated×2•Originally published 30 June 2026•Updated 30 June 2026•
1 min read

MSTR Tumbles Over 8% as Bitcoin Slips Below $60k, TD Cowen Cuts Price Target

Key Facts

1TD Cowen lowered the price target for Strategy (MSTR) stock to $260 from $400 while maintaining a Buy rating.
2Strategy unveiled a new framework to monetize part of its Bitcoin treasury, driving the stock up over 12%.

In a second day of sharp reversal, Strategy (MSTR) shares fell more than 8% on Tuesday as Bitcoin dropped below the $60,000 mark, according to reports. This decline comes just a day after the stock surged nearly 12% following the company's announcement of a new framework to monetize its Bitcoin treasury, reigniting selling pressure.

The drop brings the stock back toward its 52-week low, while TD Cowen lowered its price target for MSTR while maintaining a positive long-term outlook. The revision comes amid continued Bitcoin weakness and a lack of clear details on the monetization mechanism, raising investor doubts about the framework's viability.

Traders are now focused on whether the stock can hold above its yearly low, and any further developments on the Bitcoin monetization framework could serve as a catalyst. Bitcoin price movements remain the key driver, with any statements from analysts or company management closely watched in the coming sessions.