--- title: "Analysts keep buy ratings on Strategy after preferred-stock changes" description: "After Strategy reported third-quarter earnings and its shares fell, StoneX and TD Cowen kept buy ratings on the company, The Block reported, citing its $4.83…" language: en canonical: "https://whycoinmoves.com/en/events/bitcoin-strategy-s-preferred-stock-fix-5dda0febed475b" published: 2026-10-30T14:34:00.000Z updated: 2026-10-30T15:35:00.000Z indexable: true --- # Analysts keep buy ratings on Strategy after preferred-stock changes After Strategy reported third-quarter earnings and its shares fell, StoneX and TD Cowen kept buy ratings on the company, The Block reported, citing its $4.83… Attributed sources: [The Block]() ## Key facts After Strategy reported third-quarter earnings and its shares fell, StoneX and TD Cowen kept buy ratings on the company, The Block reported, citing its $4.83 billion cash reserve and a more stable STRC preferred structure that analysts said sets up renewed bitcoin buying. Evidence strength: Single source, 1 publisher group(s) (The Block). After site detection, observed returns were 5 minutes: +0.21% (Oct 30, 2026, 14:34 → Oct 30, 2026, 14:39, UTC; Gate · USDT); 1 hour: +0.79% (Oct 30, 2026, 14:34 → Oct 30, 2026, 15:34, UTC; Gate · USDT) In the preceding 30 days, the 99th percentile of absolute hourly returns was 1.23% (OKX · USDT; cutoff Oct 30, 2026, 14:34, UTC). ## Returns after site detection | Window | Return | BTC | Difference from BTC | Actual sampled interval (UTC) | Source | | --- | --- | --- | --- | --- | --- | | 5 minutes | +0.21% | +0.21% | 0.00 pp | Oct 30, 2026, 14:34 → Oct 30, 2026, 14:39 | Gate · USDT | | 1 hour | +0.79% | +0.79% | 0.00 pp | Oct 30, 2026, 14:34 → Oct 30, 2026, 15:34 | Gate · USDT | ## Historical hourly baseline | Metric | Value | | --- | --- | | Coverage | 100.0% (720/720) | | Median absolute hourly return | 0.14% | | 99th percentile of absolute hourly returns | 1.23% | | BTC beta | 1.00 | | Source / cutoff (UTC) | OKX · USDT / Oct 30, 2026, 14:34 | ## Claims and open questions - The Block reported that StoneX and TD Cowen kept buy ratings on Strategy after its Q3 earnings, citing a $4.83 billion cash reserve. - The Block reported that analysts pointed to a more stable STRC preferred structure as setting up renewed bitcoin buying. - What specific terms of the revised STRC preferred structure analysts expect to support renewed bitcoin purchases, and whether Strategy has confirmed any new buying plans in an official statement or filing. - Whether the $4.83 billion cash reserve figure is a company-reported balance and as of which balance-sheet date, which Strategy's own filings would confirm. ## Source evidence - [Strategy’s preferred-stock fix sets up renewed bitcoin buying, analysts say]() — The Block; published Oct 30, 2026, 14:30; received Oct 30, 2026, 14:34 (UTC). ## Recent BTC events and market reactions - [SEC charges two companies over $130 million crypto investment scheme]() — Published Oct 30, 2026, 14:38 (UTC) · Single source (1 publisher) · Regulation · 5m +0.00% / 1h +0.78% - [Chainalysis and TRM Labs link $6.3 billion Binance hack to North Korea's TraderTraitor]() — Published Oct 30, 2026, 14:13 (UTC) · Single source (1 publisher) · Security · 5m +0.23% / 1h +1.42% - [Doomberg calls US Treasury pressure on central banks wildly bullish for Bitcoin]() — Published Oct 30, 2026, 13:26 (UTC) · Single source (1 publisher) · Regulation · 5m -0.22% / 1h -0.58% - [Galaxy's Alex Thorn says Bitcoin's bottom is in after 50-week average reclaim]() — Published Oct 30, 2026, 13:22 (UTC) · Single source (1 publisher) · General news · 5m -0.01% / 1h -0.67% - [Bitcoin holds above $76,000 after $6.3 billion Binance hack]() — Published Oct 30, 2026, 11:29 (UTC) · Single source (1 publisher) · Security · 5m -0.19% / 1h -0.35% - [Full coin archive]() ## Research for this archive - [Altcoin beta to Bitcoin: BTC, ETH, SOL and DOGE hourly returns]() - [Will Bitcoin go back up? Every crash since 2011 and its recovery time]() - [Perpetual funding rates and annualized yield: a 2025 comparison]() - [Bitcoin halving and bull markets: evidence from four halvings]() Evidence levels describe source coverage, not the probability that a report is true. Price moves and their timing cannot establish a cause; minute samples show an observed interval and alert thresholds are heuristics. Explanations are model-assisted, with citations and figures checked. Source titles stay in their original language; full articles are not republished. [Methods and limitations]()