Mizuho reiterated its outperform rating on Strategy with a price target of $165.

Mizuho maintains its "Outperform" rating and $165 price target on Strategy, representing a 27% upside from the current price of $130. Analyst Dan Dolev notes that the company holds 848,517 BTC, has reduced its net leverage to 2.4%, and its $5.1 billion in assets can cover 3.4 years of expenses. Year-to-date, the company's Bitcoin holdings per share have decreased by 3.7%.