Benchmark analyst Mark Palmer has raised the price target for Strategy (MSTR) to 705 USD, which represents an 85% increase from its current price. This projection is based on the expectation that Bitcoin (BTC) will reach 225,000 USD by the end of 2026.
The CEO Phong Le aims to grow the company’s treasury significantly and surpass the large holdings of corporations like Microsoft and Amazon. Strategy plans to transition from convertible debt to preferred stock for funding, issuing equity only when necessary.
Leave a Reply