Benchmark maintains a "buy" rating on MicroStrategy with a price target of $650
MicroStrategy plans to issue $2 billion of perpetual preference shares to raise funds. At present, the specific terms of the issuance have not been announced, and it is expected to be announced in Quarter 1 this year. Nonetheless, investment agency Benchmark remains optimistic about the development prospects of MicroStrategy, maintaining a "buy" rating and predicting that its share price is expected to reach $650.
As of Monday, MicroStrategy had purchased an additional 2,530 BTC, bringing its total holdings to 450,000 BTC.
Next week, MicroStrategy will hold an extraordinary shareholders meeting on January 21. Investors will vote on whether to increase the authorized Class A common stock and preference shares. MSTR's fourth quarter earnings call is scheduled for February 4.