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Crypto & Bitcoin

MSTR Stock Price Falls 3% as Strategy Revenue Misses Q3 Estimates

Reported by Glory Kaburu, The Coin Republic

Image: The Coin Republic

Key Insights: MSTR stock price fell almost 3% as Strategy earnings missed revenue estimates. Strategy reported $20.91 billion in operating income, largely driven by an unrealized Bitcoin gain. CFO Andrew Kang will step down Nov. 5, while Barclays sets a $175 target for MSTR stock price. The MSTR stock price fell on Oct. 29 as Strategy earnings missed revenue estimates. Strategy stock closed at $141.62, down $3.54, or 2.44%, from the previous close of $145.16. MSTR stock opened at $141.65 and climbed to an intraday high of $144.76 before reversing lower.

This is an excerpt. The reporting belongs to The Coin Republic.

Read the full report on thecoinrepublic.com
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