Benchmark maintains buy rating on Strategy, calls its BTC leverage model robust

U.S. investment bank Benchmark has maintained its buy rating and a $705 price target for Strategy. According to CoinDesk, Benchmark analyst Mark Palmer stated that while recent stock price adjustments have revived theories of a potential collapse for the company, he views this as baseless noise. Palmer noted that Strategy holds 640,000 BTC and has a robust BTC leverage model based on ultra-low interest convertible notes and a perpetual preferred stock structure with no repayment obligation.