Home > Quick > Body

Benchmark maintains a "buy" rating on MicroStrategy with a price target of $650

clock
2025-01-15 18:23:15
MicroStrategy plans to issue $2 billion of perpetual preference shares to raise funds. At present, the specific terms of the issuance have not been announced, and it is expected to be announced in Quarter 1 this year. Nonetheless, investment agency Benchmark remains optimistic about the development prospects of MicroStrategy, maintaining a "buy" rating and predicting that its share price is expected to reach $650.
As of Monday, MicroStrategy had purchased an additional 2,530 BTC, bringing its total holdings to 450,000 BTC.
Next week, MicroStrategy will hold an extraordinary shareholders meeting on January 21. Investors will vote on whether to increase the authorized Class A common stock and preference shares. MSTR's fourth quarter earnings call is scheduled for February 4.
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
New Tab Page - Desk3 | Plugin
Stay ahead of the game in the cryptocurrency space.