Cantor Fitzgerald has lowered its price target for Strategy, now set at $229 compared to the previous $560, amidst worries regarding MSCI Index exclusions and potential forced liquidation. However, the firm remains optimistic about Strategy’s prospects.

Despite this significant cut, Cantor maintains its “buy” recommendation, arguing that fears of forced liquidation appear exaggerated. Analysts have indicated that the company possesses enough liquidity to maintain dividend payouts for up to 21 months and has options available to raise additional capital if necessary. The belief is that absent considerable drops in Bitcoin values, the apprehension surrounding forced sell-offs is not justified.

At the moment, the stock is trading at approximately $186, reflecting a drop of 27% over the last month and 35% year-to-date, according to data from Google Finance.

MSCI Risks and Bitcoin Potential

Strategy faces ongoing short-term challenges, particularly relating to exclusion threats from the MSCI Index, which could compel the forced selling of shares. However, Cantor views this as a temporary issue rather than a significant concern.

Their bullish stance on both Strategy and Bitcoin’s trajectory remains unshaken, even suggesting that Bitcoin may one day surpass gold in market capitalization. According to Cantor, achieving this would require Bitcoin to be valued at approximately $1.57 million.