News linked to both this project and an event.
Alberta Investment Management Corporation (AIMCo), a Canadian asset management institution, disclosed that it purchased approximately 1.38 million shares of Strategy (MSTR) in the first quarter, with an investment amount of about $172 million.Based on the current stock price of approximately $175, the market value of this position has risen to about $241 million, resulting in an unrealized gain of roughly $69 million. AIMCo's average cost basis for the position is approximately $125 per share.AIMCo previously held shares of the company from 2019 to 2020 and liquidated its position shortly after the company pivoted to its Bitcoin treasury strategy.
Odaily News: Lance Vitanza, an analyst at the $15 billion investment bank TD Cowen, has reiterated a buy rating on Bitcoin reserve company MSTR and raised the target price to $385. (BitcoinTreasuries.NET)
According to BitcoinTreasuries.NET, Lance Vitanza, an analyst at investment bank TD Cowen—which manages $15 billion in assets—has lowered Strategy’s (MSTR) target price from $440 to $350 while maintaining a “Buy” rating.