Woofun AI reports that Canaccord Genuity has reduced its price target for Strategy to $130 from $163, citing concerns over the firm's leveraged Bitcoin exposure. An analyst noted that Strategy’s model performs well in rising markets but faces significant structural risk during downturns, likening it to a vehicle that drives better forward than in reverse. The company holds one of the world's largest corporate Bitcoin positions, funded largely through debt and equity. This approach amplifies gains during bull runs but exposes Strategy to margin calls and liquidity pressures if Bitcoin prices decline sharply. The cut reflects a broader reassessment of crypto-exposed equities amid increased Bitcoin volatility driven by macroeconomic headwinds and regulatory uncertainty.