Compass Point initiated coverage of MicroStrategy (MSTR) with a Buy rating and $550 price target The firm, which views MicroStrategy as “a levered play on BTC’s upward volatility” as U.S. regulations and institutional adoption boost crypto prices in 2025, says the stock offers bitcoin (BTC) exposure to equity investors by steadily increasing its bitcoin holdings per share. The stock’s volatility fosters attractive convertible financing opportunities that help increase its bitcoin holdings per share and the firm also sees an opportunity for MicroStrategy to generate real yield on its bitcoin treasury, noting that publicly listed companies are already starting to earn income from bitcoin staking and lending activities.
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