Benchmark: Strategy's share price weakness is not due to mismanagement, reiterates buy rating
7hours ago
According to Odaily Planet Daily, Benchmark analyst Mark Palmer stated that Strategy's weak stock price reflects a shrinking premium on its Bitcoin holdings, rather than mismanagement. The company has been continuously adjusting its balance sheet, creating instruments such as perpetual preferred stock to provide permanent capital and expand demand for Bitcoin-related securities. With its inclusion in the S&P 500 index, Strategy remains one of the most liquid ways to invest in Bitcoin. Palmer reiterated his "buy" rating and $705 price target for Strategy. (CoinDesk)
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