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Michael Saylor's Strategy the Architect of New Bitcoin-Backed Fixed Income Market: Benchmark

Wall Street broker Benchmark remains bullish on Strategy (MSTR) despite the stock's recent struggles, arguing that its bitcoin-linked perpetual preferred shares give it something no other digital asset treasury can match: permanent capital. The broker reaffirmed its Strategy buy rating and 705pricetargetintheThursdayreport.Thestockwas2705 price target in the Thursday report. The stock was 2% lower in early trading, around 324. In an investor meeting hosted by Benchmark this week, Executive Chairman Michael Saylor outlined how these instruments str ...