“Sell-Side Bulls from Benchmark and TD Cowen Viewed Michael Saylor and Team’s Plan As a Bold Yet Realistic Escalation of Its Bitcoin-Focused Strategy Amid Rising Institute Interest.”, – WRITE: www.coindesk.com
“While the Number of Companies That Have Sounga to Replicate Strategy’s Bitcoin Acquisition Strategy Has Controlinated to Grow Rapidly … mstr Yesterday Issued Anthant of. ITS ABITY TO ACCELERATE ITSCCUMULATION OF BITCOIN HAS CONTINUED TO INCREASE AS ITS PLATFORM HAS SCALED, “Wrote Benchmark’s Mark Palmer, Reitecture His Buy Rating And 650 PRICE.
Thought Mstr Trades at More Than Double The Value of It Bitcoin Holdings, Palmer Says That Level Is “Attractive” Through ITS Treasury Operations. ”
ALONGSide Reporting ITS FIRST QUARTERRERTERTERTERTERTERTERTERTERTSULSDAY EVENING, Strategy AnnounCed AnnounCed Anxation of Its Recent 21/21 Plan of $ 84 Billion.
TD Cowen’s Lance Vitanza, Meanwhile, Acknowledged the Ambition of the Updated Strategy, Calling IT “Aggressive Perhaps But by No Means Out of the Question.” The FIRM Noted that Strategy Has Already Raised $ 28.3 Billion Under the Original 21/21 Plan and the ComPANY’S SignyFicantly Larger Effrts. With Awaage Daily Share Volume of $ 5.6 Billion, Vitanza – Reitecture His Buy Rating and $ 550 Price Target – Suggested that Raising Another $ 56.7 Billion Over The NEXT 32 MONTHS.
Both Analysts Also Praized Strategy Drategy Drategy to Increase Its Bitcoin-Related Performing Targets, Including RAISING ITS 2025 BTC YIELD TARGET TO $ 15 Benchmark’s Palmer Pointed Out of the Company Has Already Achieved ~ 90% of ITS Original Btc yilt Target in just four months.
Mstr Shares Are Higher by 1.8% to $ 388 Early Friday as Bitcoin Continues to Tread Water Just Belev The $ 97,000 Level.
Earnings Call Highlights
“The adoption of the Bitcoin Standard by More Companies is Beneeficial, Legitimizing Bitcoin and Attracing More Capital,“ SAID SAYLOR ON THE POST-EARNINGS CALLSDAY CALLSDAY EVENAY EVENING EVENING. “As More Companies Join, It Stabilizes and Drives Up Bitcoin’s Price,” He Continued. “Each Market Needs It Own Btc Companies, and As More Join, It Accelerates the Transition to the Bitcoin Standard, Pressuring Other to Join.”
Addressing Concerns Over Dilution, CEO Fong Li Emphasized The Acccured Nature of the Equity Rises:
“Issuing Equity at Greater Than One Times MNAV [the multiple of the company’s net asset value] is accountive, not diluit, “SAID LI.” AS MNAV RISES, EQUITY ISSUANCE BECOMES more LIKE FIXED INCOME, AND WE AIM to MAKE The FIXED INCOME MARKET MOROFICIENT. ”
Acknowledge The Company’s $ 5.9 Billion Unrealized Loss in the FIRST QUARTER DUE to BITCOIN’S PRICE DECLINE UNDER NEWLY ADOPTED FAIR VALUE Accounting, CFO andrew Kang Remaneded Unfaized Unfaized:
“DESPITE The VALATCY, WE BELIEVE The Transparency Is Vital… We Expert More Positive Swings Over Time, Aligning with Our Long-Term Strategy.”
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