Strategy Plan Sparks Debate as MSTR and STRC Stocks Jump - Blockonomi

by · Blockonomi

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  • Strategy introduced a new capital framework that allows potential Bitcoin sales to raise liquidity.
  • Strategy stocks MSTR and STRC recorded strong gains before easing in premarket trading.
  • Benchmark reaffirmed a Buy rating and said the new model improves capital flexibility.
  • Strategy shifted from pure Bitcoin accumulation to a more active balance sheet management approach.
  • The company authorized up to $1.25 billion in Bitcoin sales, representing a small portion of holdings.

Strategy drew mixed reactions after unveiling a revised capital framework, even as its stocks posted strong gains. Analysts supported the changes, but some market participants questioned the long-term impact on Bitcoin holdings. The update introduces flexibility, yet it shifts Strategy away from its previous accumulation-only stance.

Strategy Gains Analyst Backing as Stocks Rise

Benchmark Equity Research reaffirmed a Buy rating on Strategy’s Class A stock MSTR with a $570 price target. The firm stated that the revised capital framework improves financial flexibility and strengthens balance sheet management. As a result, Strategy attracted renewed attention from institutional analysts.

Meanwhile, Strategy’s MSTR shares climbed 12.6% to about $92.70 during Monday trading sessions. At the same time, STRC preferred shares rose 12.2% to approximately $83.70, reflecting strong investor response. However, both Strategy stocks moved slightly lower in Tuesday premarket trading activity.

Benchmark analysts stated that Strategy no longer operates as a one-direction Bitcoin accumulator. Instead, Strategy now manages both assets and liabilities through an active capital structure approach.

They added, “Strategy is now an active manager of both sides of its capital structure.”

Strategy authorized potential Bitcoin sales worth up to $1.25 billion under its updated capital framework. This amount equals about 21,082 BTC based on current market prices, according to available data. The allocation represents nearly 2.5% of Strategy’s total holdings of 847,363 BTC.

Previously, Strategy relied mainly on issuing equity or debt to raise capital for operations. However, the new framework allows Strategy to access liquidity through direct Bitcoin sales when required. This shift reflects a broader approach to managing financial obligations and market conditions.

Strategy has executed Bitcoin sales before despite its long-term accumulation narrative. The company sold 32 BTC in May 2026 and previously sold 704 BTC in 2022. Later, Strategy repurchased a similar amount, maintaining its overall exposure to Bitcoin.

Strategy Plan Divides Market Participants

Investor Simon Dedic suggested the update could signal a local bottom for Strategy’s recent market performance. He added that some selling pressure likely reflected preparations for liquidity adjustments ahead of the announcement. His comments indicated partial confidence in Strategy’s revised approach.

Trader Scott Melker acknowledged that Strategy responded to investor concerns by increasing flexibility and cash reserves. However, he stated, “Only time will tell” whether the framework restores confidence in Strategy’s long-term outlook. His remarks reflected uncertainty about the sustainability of the changes.

Arca CIO Jeff Dorman argued that Strategy may need to sell between $2 billion and $3 billion in Bitcoin. He stated that such sales could remove persistent market overhang linked to Strategy’s large holdings.

Meanwhile, Ripple CEO Brad Garlinghouse said, “Financial engineering doesn’t drive long-term value,” criticizing Strategy’s approach.

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