Nearly 27% Potential Upside, Mizuho Maintains $165 Price Target on Strategy

Odaily Seoro Ilbo Report: After Strategy held its Q3 2026 earnings conference call, Mizuho maintained its "Outperform" rating and $165 price target, representing nearly 27% potential upside from the current price of $130. Analyst Dan Dolev stated that Strategy holds 848,500 bitcoins, with net leverage dropping from 8.4% to 2.4%, and $5.1 billion in cash assets sufficient to cover 3.4 years of dividend and interest expenses. Year to date, Strategy's bitcoin holdings per share have declined 3.7%.