Benchmark analyst Mark Palmer raised MicroStrategy’s price target to $705, expecting Bitcoin to reach $225,000 by 2026. This forecast follows the company’s reported $10 billion in Q2 net income from its substantial Bitcoin holdings, contributing to an overall growth strategy aimed at surpassing the treasury sizes of major corporations like Microsoft, Google, and Amazon. Palmer noted that MicroStrategy's new funding approach will focus on preferred stock rather than convertible debt, as the company aims to optimize its capital structure. CEO Phong Le intends to establish MicroStrategy not just as a leader in Bitcoin acquisition but as the largest corporate treasury overall, surpassing even Berkshire Hathaway's cash reserves. The firm reported record profits and aims for a significant increase in its treasury size in the coming years. As the crypto market experiences fluctuations, with Bitcoin currently trading down, the company’s ambitious plans continue to drive investor interest and optimism.

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