Mizuho Remains Bullish on Strategy (MSTR) Following Q3 2025 Results

Strategy Inc. (NASDAQ:MSTR) is included in our list of the best crypto-related stocks to invest in.

Mizuho Remains Bullish on Strategy (MSTR) Following Q3 2025 Results

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On November 10, 2025, Strategy Inc. (NASDAQ:MSTR) saw its price target reduced by Mizuho from $586 to $484, while reiterating its “Outperform” rating. The price revision reflects a revision to the valuation model following the company’s Q3 results announcement on October 30.

In the third quarter, Strategy Inc. (NASDAQ:MSTR) reported EPS of $8.42, thanks to operating income of $3.9 billion and net income of $2.8 billion. Having raised $19.8 billion in Bitcoin so far in 2025, the company closed the quarter with 640,808 Bitcoin holdings. The company’s holdings represent over 3% of all Bitcoin in existence. On a year-to-date basis, the company recorded a 26% Bitcoin yield, thanks to fair-value accounting, which added $18 billion to digital asset equity. Total revenue for the quarter reached $128.69 million, up from $116.07 million in Q3 2024. Revenue growth was driven by the strong performance of the company’s Product licenses and Subscription services revenue.

The company’s leading position is bolstered by its strong earnings and capital-raising ability. However, its dependence on Bitcoin price movements and high leverage introduces volatility into its operations. Moreover, Strategy Inc. (NASDAQ:MSTR) may face execution or regulatory challenges in its international expansion and ambitious BTC yield targets.

Management plans to maintain flexibility by funding preferred stock dividends through ATM issuances, equity, Bitcoin derivatives, and market-specific instruments. Additionally, Strategy Inc. (NASDAQ:MSTR) aims to educate banks, insurance companies, and investors on Bitcoin adoption. The management believes institutional acceptance and compliance are key to industry growth.

Strategy Inc. (NASDAQ:MSTR), a U.S.-based technology and investment firm, manages a significant corporate Bitcoin treasury.

While we acknowledge the potential of MSTR to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than MSTR and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None.