The post Bitcoin Giant Strategy Gets a ‘Buy’ From Citi—With a Warning appeared on BitcoinEthereumNews.com. In brief Citi has given Strategy a “buy” rating and a price target of $485. But the bank warned that the stock could dip with the price of Bitcoin. Strategy closed Tuesday trading at nearly $302 per share. Citi has given Strategy stock a “buy” rating and a price target of $485, citing the investment as “a bellwether of BTC’s potential upside and downside momentum.” The bank said in a Tuesday note that Bitcoin treasury, which trades on the Nasdaq under the ticker MSTR, could continue to soar if BTC hits the $181,000 12-month price target it gave the company last week.  MSTR closed up 1.7% at $301.91 per share, according to Yahoo Finance data. The stock’s record price was $473.83 in 2024. Bitcoin was priced at $111,490, down over 11% from its October all-time high of $126,080, according to CoinGecko data.  “Our view that MSTR’s NAV premium can range 25%-35%, in line with the stock’s historical 2.5x-3.5x Bitcoin yield multiple assuming continued positive momentum for Bitcoin,” the note read.   But the bank warned: “The stock presents significant risks due to its positioning as a leveraged proxy for Bitcoin. Its value is nearly 100% tied to the sometimes-volatile cryptocurrency, meaning that even a moderate decline in Bitcoin’s price can lead to magnified losses for MSTR shareholders.” Strategy—formerly MicroStrategy—started buying Bitcoin in August 2020 as a way to generate better returns for its shareholders as inflation rocked the U.S. and world economies during the COVID-19 pandemic.  It is now the largest corporate holder of the asset, focusing mostly on securitizing Bitcoin. Its business model works so that investors can buy its shares to gain exposure to the leading cryptocurrency by market capitalization. The company now holds 640,418 Bitcoins—or $71.6 billion in digital coins—and Strategy co-founder and chairman Michael Saylor frequently… The post Bitcoin Giant Strategy Gets a ‘Buy’ From Citi—With a Warning appeared on BitcoinEthereumNews.com. In brief Citi has given Strategy a “buy” rating and a price target of $485. But the bank warned that the stock could dip with the price of Bitcoin. Strategy closed Tuesday trading at nearly $302 per share. Citi has given Strategy stock a “buy” rating and a price target of $485, citing the investment as “a bellwether of BTC’s potential upside and downside momentum.” The bank said in a Tuesday note that Bitcoin treasury, which trades on the Nasdaq under the ticker MSTR, could continue to soar if BTC hits the $181,000 12-month price target it gave the company last week.  MSTR closed up 1.7% at $301.91 per share, according to Yahoo Finance data. The stock’s record price was $473.83 in 2024. Bitcoin was priced at $111,490, down over 11% from its October all-time high of $126,080, according to CoinGecko data.  “Our view that MSTR’s NAV premium can range 25%-35%, in line with the stock’s historical 2.5x-3.5x Bitcoin yield multiple assuming continued positive momentum for Bitcoin,” the note read.   But the bank warned: “The stock presents significant risks due to its positioning as a leveraged proxy for Bitcoin. Its value is nearly 100% tied to the sometimes-volatile cryptocurrency, meaning that even a moderate decline in Bitcoin’s price can lead to magnified losses for MSTR shareholders.” Strategy—formerly MicroStrategy—started buying Bitcoin in August 2020 as a way to generate better returns for its shareholders as inflation rocked the U.S. and world economies during the COVID-19 pandemic.  It is now the largest corporate holder of the asset, focusing mostly on securitizing Bitcoin. Its business model works so that investors can buy its shares to gain exposure to the leading cryptocurrency by market capitalization. The company now holds 640,418 Bitcoins—or $71.6 billion in digital coins—and Strategy co-founder and chairman Michael Saylor frequently…

                                                                               Song accused BTC Core developers of defecting and failing to address widespread community concerns about non-monetary data on the ledger.                     Jimmy Song, a Bitcoin (BTC) developer and advocate, slammed the decision by Bitcoin Core developers to remove the OP_Return limit for non-monetary data embedded on the Bitcoin blockchain in the upcoming Bitcoin Core 30 upgrade, calling it “fiat” mentality.Song accused the Core developers of deflecting user concerns about removing the OP_Return limit, which is currently 80 bytes in size, and ignoring the significant pushback from the Bitcoin community and node runners. He also said:You can argue whether that's something desirable or not, but saying you can't define it is a stalling tactic meant to avoid the real argument about actual impact — particularly, the long-term impact of this change,” Song continued.Read more