Markets
What to know: 🤔
- Saylor’s bitcoin-linked perpetual preferred shares? Basically, he’s got capital that’s stickier than a bagel in a New York summer. 🥯🔒
- Benchmark’s Mark Palmer says Saylor’s building a bitcoin-backed fixed income market. Because why not turn crypto into bonds? 🏗️💸
- Benchmark’s still team Saylor, slapping a $705 price target on MSTR. Bold move, Cotton. Let’s see if it pays off. 🎯🤞
So, Wall Street’s darling Benchmark is still all-in on Michael Saylor’s Strategy (MSTR), even though the stock’s been acting like it’s got a personal vendetta against gravity. 📉 But hey, they’re convinced his bitcoin-linked perpetual preferred shares are the secret sauce-permanent capital, no dilution, and a safety net for when Bitcoin decides to go on a rollercoaster ride. 🎢
Benchmark’s Thursday report doubled down on their buy rating and $705 price target. Meanwhile, the stock was down 2% in early trading, chilling at $324. Classic Saylor-always keeping us on our toes. 🕺
At a Benchmark investor meeting this week, Saylor basically said, “Yeah, we’re turning Bitcoin into the new foundation for fixed income. No big deal.” 🏦 Meanwhile, every other company’s trying to copy his homework, but Strategy’s 640,031 BTC treasury is like showing up to class with a Ferrari. 🚗💨
Mark Palmer’s take? The real magic’s in those perpetual preferred shares. They’re like a financial straitjacket for Bitcoin’s price swings-no refinancing risk, just stable capital. Genius? Crazy? Probably both. 🤯
Saylor’s framing this as the next big thing since mortgage-backed securities. And investors are eating it up-the STRC offering in July raised $2.52 billion, the biggest IPO of the year. Because who doesn’t love a good financial revolution? 🌪️💼
Benchmark’s calling it: bitcoin-linked fixed income is gonna be a multi-hundred-billion-dollar market, and Saylor’s the guy holding the blueprints. 🏗️💰 Their price target? $705. Because why not shoot for the moon? 🌕
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2025-10-09 17:52