What happened? Shares of bitcoin development company Strategy (NASDAQ:MSTR) jumped 7.1% in the afternoon session after the company's board increased its securities buyback capacity to $3 billion and analysts raised their price targets. The company's board increased its securities buyback capacity to $3 billion and analysts raised their price targets.According to MarketBeat, shares of Strategy jumped following upgrades from Wall Street, as both Clear Street and Cantor Fitzgerald raised their price targets on the stock to $211 and $208, respectively, while maintaining positive ratings. As detailed by Unchained Crypto, these target revisions followed an announcement that the board expanded its digital credit securities buyback capacity to $3 billion.
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