Benchmark Reiterates Buy on Strategy, Citing $1.25B BTC Sale as Negligible
2026-06-30 17:21

Woofun AI reports that Benchmark Equity Research keeps a Buy rating on Strategy, setting a $570 price target which implies roughly 515% upside from the recent close of $92.68. Analyst Mark Palmer highlighted that the new digital credit capital framework enables active management of the capital structure, including stock repurchases and pausing issuances when premiums are absent.

This shift from one-way issuance to two-way management addresses dilution concerns. The authorization to sell up to $1.25 billion in Bitcoin is deemed negligible relative to Strategy's reserve of approximately 847,000 BTC.

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Tags:
Bitcoin
BTC
Mark Palmer
Benchmark
Strategy
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