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Benchmark: Strategy Stock Price Weakness Not Due to Poor Management, Reiterates Buy Rating

Summary: According to Benchmark analyst Mark Palmer, the weakness in Strategy's stock price reflects a narrowing premium on its bitcoin holdings, rather than poor management. The company has been continuously adjusting its balance sheet, introducing perpetual preferred shares and other tools to provide permanent capital and expand demand for bitcoin-related securities. With inclusion in the S&P ...

According to Benchmark analyst Mark Palmer, the weakness in Strategy's stock price reflects a narrowing premium on its bitcoin holdings, rather than poor management. The company has been continuously adjusting its balance sheet, introducing perpetual preferred shares and other tools to provide permanent capital and expand demand for bitcoin-related securities. With inclusion in the S&P 500 index, Strategy remains one of the most liquid ways to invest in bitcoin. Palmer reiterated a 'buy' rating on Strategy with a target price of $705. (CoinDesk)

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