Citigroup analyst Peter Christiansen has reportedly reaffirmed his buy rating on Strategy Inc., maintaining a $325 price target that represents significant upside potential as the bitcoin treasury company navigates market volatility.
Christiansen initiated coverage in October 2025 with a $485 target, then adjusted to $325 on December 21 while maintaining his overall bullish stance.
The latest reiteration on February 6 comes as Strategy trades around $135, implying approximately 140% upside to Citi's target.
Christiansen previously noted that the stock offers amplified returns on bitcoin's upside while carrying heightened downside risk. Citi's valuation is based on a forward 12-month bitcoin forecast of $181,000 and the assumption that Strategy's net asset value premium can range between 25% to 35%.
The reiteration follows Strategy's continued bitcoin accumulation despite recent market turbulence. The company holds over 714,000 BTC valued at approximately $50.6 billion, representing roughly 3.4% of bitcoin's circulating supply. CEO Michael Saylor and President Phong Le have assured continued purchases, with Le stating liquidation risks only emerge if bitcoin falls to $8,000 for an extended years-long period.
Strategy unveiled its latest purchase this morning, adding 1,142 BTC to its balance sheet.
Strategy stock has declined approximately 50% over the past three months but rallied 26% on February 6 as bitcoin recovered from recent lows.