Bitcoin Price SensitivityAnalyst lowered the price target citing a weaker bitcoin outlook, highlighting the company's exposure to cryptocurrency price swings that can weigh on valuation.
Share Dilution RiskSignificant capital-raising programs and growth in shares outstanding have diluted per-share value and contributed to downward pressure on the stock's valuation.
Valuation Headwinds For Digital-asset TreasuriesLower valuations for digital-asset treasury companies have reduced the value benefit from holding bitcoin and constrained the firm's ability to accumulate additional reserves.