Berkshire Hathaway's Investment Strategy: In Q3, Berkshire Hathaway accumulated a record cash reserve of $381.7 billion, primarily in U.S. Treasury bills, reflecting Warren Buffett's strategy of preserving capital for future investment opportunities amid high equity valuations.
MicroStrategy's Bitcoin Acquisition: MicroStrategy acquired 42,706 Bitcoin at an average price of $116,000 per coin, bringing its total holdings to over 640,000, as part of Michael Saylor's aggressive strategy to use Bitcoin as a hedge against inflation.
Performance Comparison: In Q3, Bitcoin rose 16%, significantly outperforming Treasury bills, which returned only 1%, while Berkshire Hathaway stock gained 3.5%. This highlights the contrasting performance of traditional investments versus cryptocurrencies.
Investment Outlook: Buffett's cautious approach with T-bills offers stability and potential for future gains, while Saylor's Bitcoin strategy presents high volatility and speculative risks, with both strategies appealing to different types of investors based on their risk tolerance.
Wall Street analysts forecast MSTR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MSTR is 453.17 USD with a low forecast of 229.00 USD and a high forecast of 705.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
14 Analyst Rating
Wall Street analysts forecast MSTR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MSTR is 453.17 USD with a low forecast of 229.00 USD and a high forecast of 705.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
12 Buy
2 Hold
0 Sell
Strong Buy
Current: 160.980
Low
229.00
Averages
453.17
High
705.00
Current: 160.980
Low
229.00
Averages
453.17
High
705.00
Mizuho
Dan Dolev
Outperform
downgrade
$484 -> $403
2026-01-16
Reason
Mizuho
Dan Dolev
Price Target
$484 -> $403
AI Analysis
2026-01-16
downgrade
Outperform
Reason
Mizuho analyst Dan Dolev lowered the firm's price target on Strategy to $403 from $484 and keeps an Outperform rating on the shares. The firm adjusted targets in the financial technology, payments, crypto and IT services group as part of its 2026 outlook. The firm says fintech and payments enter 2026 "with major political, macro, and product catalysts." Rate caps may ultimately benefit networks and buy now pay later players, as credit-to-BNPL shifts drive incremental debit volume, the analyst tells investors in a research note.
Clear Street
Buy
downgrade
$443 -> $268
2026-01-09
Reason
Clear Street
Price Target
$443 -> $268
2026-01-09
downgrade
Buy
Reason
Clear Street lowered the firm's price target on Strategy to $268 from $443 and keeps a Buy rating on the shares. The firm cites its new sum-of-the-parts valuation for the target cut. The drop reflects lower bitcoin prices and treasury yield assumptions, the analyst tells investors in a research note. Clear Street says Strategy remains a :differentiated and compelling" vehicle for leveraged bitcoin exposure on a per-share basis.
Unlock Full Analyst Thesis， Get the complete breakdown of rating reason for MSTR
Unlock Now
Bernstein
Outperform
to
NULL
downgrade
$600 -> $450
2025-12-08
Reason
Bernstein
Price Target
$600 -> $450
2025-12-08
downgrade
Outperform
to
NULL
Reason
Bernstein lowered the firm's price target on Strategy to $450 from $600 and keeps an Outperform rating on the shares. The firm remains convinced market concerns on Strategy are overstated, given its over-collateralized balance sheet and 21 months cash reserves. Bernstein believes Strategy is becoming close to a Bitcoin-reserved financial operating business, delivering fixed income yield and savings products for investors.
Mizuho
Outperform -> NULL
downgrade
$586 -> $484
2025-11-10
Reason
Mizuho
Price Target
$586 -> $484
2025-11-10
downgrade
Outperform -> NULL
Reason
Mizuho lowered the firm's price target on Strategy to $484 from $586 and keeps an Outperform rating on the shares. The firm updated the company's model post the Q3 report.
About MSTR
Strategy Inc., formerly MicroStrategy Incorporated, is a bitcoin treasury and business intelligence company. The Company provides cloud-native, artificial intelligence (AI)-powered enterprise analytics software to thousands of global customers. The Company’s Strategy ONE platform provides access to AI-powered workflows, unlimited data sources, cloud-native technologies, and performance to speed up time from data to action. Strategy One delivers visualization, reporting, and embedded analytics capabilities across retail, banking, technology, manufacturing, insurance, consulting, healthcare, telecommunications, and the public sector. Its Strategy Mosaic is a universal intelligence layer that provides enterprises with consistent definitions and governance across data sources, regardless of where that data resides or which tools access it. The Strategy Mosaic offers data clarity and connection by eliminating trade-offs between flexibility, control, and speed.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
