Bullish analyst slashes Saylor's Strategy price target by 60%

2026 has opened on a brutal note for crypto and even longtime Bitcoin believers are feeling the chill. On Feb. 3, Bitcoin (BTC) plunged below $73,000, marking its steepest decline since early November 2024 and deepening losses from the flash crash that rattled markets on Oct. 10 last year. For Michael Saylor's MicroStrategy, now known as Strategy (NASDAQ: MSTR), the timing couldn’t be worse. Related: MicroStrategy struggles ahead of earnings after latest Bitcoin crash The company’s average Bitcoin purc ...