Benchmark reiterated its "buy" rating on Strategy and its $705 stock price target.

Odaily Planet Daily reports that Wall Street brokerage Benchmark stated that the Bitcoin price pullback has once again raised concerns about the survival of Bitcoin fund management company Strategy (MSTR), but the company believes these concerns are merely noise during a cryptocurrency downturn. However, Benchmark analysts reiterated their "buy" rating and $705 price target for Strategy, noting that critics are confusing short-term movements with genuine solvency risks and ignoring the balance sheet designed to maximize Bitcoin leverage. (CoinDesk)