StoneX's Mark Palmer: $435 MSTR Price Target Explained - DAT Consolidation Outlook

🎬 StoneX's Mark Palmer: $435 MSTR Price Target Explained - DAT Consolidation Outlook
Strategy just spent six times more buying back Stretch than buying Bitcoin. Is that the right move for MSTR shareholders? StoneX Senior Equity Research Analyst Mark Palmer explains why STRC is foundational to Strategy's fundraising, and how the $4.9B USD Reserve is pushing the preferred stock back toward par. He also explains why Strategy won't simply raise the dividend rate.
🧂SALT Lending: Don't sell your Bitcoin. Borrow against it.

➤ StoneX analyst Mark Palmer explains MicroStrategy's (MSTR) strategy of prioritizing buybacks of its preferred stock ('Stretch') over direct Bitcoin accumulation, citing its foundational role in fundraising.
➤ Palmer details how the $4.9B USD Reserve underpins 'Stretch', aiming to restore it to par and reduce volatility for institutional investors, with a proposal for daily dividends.
➤ The discussion also touches on the broader digital asset treasury landscape, highlighting leverage risks and consolidation trends, while acknowledging MSTR's unique access to perpetual preferred stock markets.

#MicroStrategy #MSTR #Stretch #Mark Palmer #StoneX #Bitcoin #preferred stock #USD Reserve #convertible debt #institutional investors #SALT Lending

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