Mizuho's move is quite interesting, cutting the target price to 213 but maintaining an outperform rating, showing that their long-term faith in MSTR hasn't wavered. Selling coins to pay dividends puts short-term pressure, but the Bitcoin rebound brings it back—this volatility is a real thrill ride.

Mizuho lowered MSTR price target to $213, maintains "outperform" rating, expects stock price to remain above $200, and raised Bitcoin end-2027 forecast to $71,500. The adjustment stems from MSTR selling approximately 3,588 Bitcoins for about $216 million to fund digital credit securities dividends. The news initially dampened sentiment, but after Bitcoin rebounded, MSTR recovered, trading around $101 pre-market; the stock has fallen about 34% year-to-date. The long-term Bitcoin assumption adjustments have not changed the optimistic view of MSTR.