Benchmark maintains a "buy" rating on MicroStrategy with a $650 price target
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2025-01-16 03:02 3,156
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Golden Finance reported that MicroStrategy plans to issue US$2 billion in perpetual preferred shares to raise funds. At present, the specific issuance terms have not been announced and are expected to be announced within the first quarter of this year. Despite this, investment institution Benchmark is still optimistic about MicroStrategy's development prospects, maintaining a "buy" rating and predicting that its stock price is expected to reach $650. As of Monday, MicroStrategy purchased an additional 2,530 BTC, bringing its total holdings to 450,000 BTC.
Next week, MicroStrategy will hold a special shareholder meeting on January 21st. Investors will vote on whether to increase authorized shares of Class A common stock and preferred stock. MSTR's fourth-quarter earnings call is scheduled for February 4.