Add as a preferred source on GoogleBinance’s MSTRUSDT Perpetual Falls 7.1% as Cantor Raises Strategy Target
The contract tracks Strategy’s Nasdaq-listed common stock; Cantor kept an Overweight rating as it lifted its stock target from $186.
Binance’s MSTRUSDT perpetual contract fell 7.10% to $136.85 on Saturday, Oct. 17, while Cantor Fitzgerald raised its target for Strategy Inc.’s Nasdaq-listed shares from $186 to $208 a day earlier.
The figures refer to different instruments. MSTRUSDT is a USDT-settled perpetual contract tied to Strategy’s common stock. It trades 24 hours a day, seven days a week, with maximum leverage of 10x. Binance launched the contract Feb. 9 at 9:30 a.m. ET (14:30 UTC).
Strategy shares closed at $136.83 on Friday, Oct. 16, down 9.56% in the regular Nasdaq session, which ended at 4 p.m. ET (20:00 UTC). That closing price is for the stock, not the Binance contract’s Oct. 17 quote.
Cantor maintained an Overweight rating alongside its higher target. The $208 target applies to Strategy’s common stock, not to the MSTRUSDT contract.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.