Benchmark analyst: MicroStrategy should lend Bitcoin to boost returns

BlockBeats news, on September 25, Wall Street brokerage Benchmark analyst Mark Palmer said that if MicroStrategy continues to buy more Bitcoin and starts lending these digital currencies in a low-risk way to generate returns, MSTR stock could be worth $215 per share.

MSTR stock is currently trading at about $153 per share after a 10-to-1 stock split on August 9. MicroStrategy's core business is enterprise software, but its public market valuation mainly comes from holding Bitcoin, and the company's Bitcoin accumulation began in 2020.

MicroStrategy Executive Chairman Michael Saylor said in a podcast on September 18 that Bitcoin could become a "perfect form of capital" that can serve as a store of value while generating low-risk returns through digital banking services such as lending. (Cointelegraph)