TD Cowen cut the price target for Strategy (MSTR) stock to $260 from $400 while maintaining a Buy rating. On the same day, Strategy unveiled a new framework to monetize part of its Bitcoin treasury, driving the stock up over 12%. On July 6, Cantor Fitzgerald stated that bringing MicroStrategy's preferred shares back to their $100 par value is key to restarting the company's capital engine. Strategy also sold 3,588 Bitcoins for approximately $216 million to support preferred stock obligations and strengthen cash reserves under the new treasury framework.
