Benchmark Maintains Buy Rating on Strategy, 1.25B Bitcoin Authorization 'Insignificant' vs. Reserves

According to The Block, Benchmark Equity Research analyst Mark Palmer maintained a buy rating on Strategy with a 570 price target, implying roughly 515% upside from Monday's close of 92.68. Palmer noted that Strategy's newly introduced digital credit capital framework enables active, two-way capital management including potential share buybacks and bitcoin sales when needed. Palmer stated the framework marks a shift from passive one-way capital raising to proactive management. The analyst added that the authorization to sell up to 1.25 billion in bitcoin is immaterial relative to Strategy's approximately 847,000 BTC reserves.
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