In this week’s edition of the weekly recap, Strategy tapped foreign markets for the first time in a $715 million offering, Japan’s three largest banks received regulatory approval for joint stablecoin experimentation, and Kazakhstan announced plans to establish a national.
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Strategy (MSTR) Stock: Why Wall Street Still Loves This Bitcoin Play
TLDR Strategy holds 640, 808 Bitcoin worth approximately $70. 9 billion with an average purchase cost of $74,032 per coin The company achieved a 26% bitcoin yield year-to-date, approaching its 30% annual target Strategy’s new B-minus credit rating from S&P opens access to a $4. 9 trillion institutional capital pool Analysts maintain Buy ratings with price targets ranging [.] The post Strategy (MSTR) Stock: Why Wall Street Still Loves This Bitcoin Play appeared first on CoinCentral.