According to BlockBeats, on September 25, Mark Palmer, an analyst at Wall Street brokerage firm Benchmark, said that if MicroStrategy continues to buy more Bitcoin and starts lending these digital currencies in a low-risk way to generate returns, the value of MSTR stock could reach $215 per share.

MSTR stock currently trades at around $153 per share following a 10-for-1 stock split on August 9. MicroStrategy’s core business is enterprise software, but its public market valuation comes primarily from its holdings of Bitcoin, which the company began accumulating 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 both serve as a store of value and generate low-risk returns through digital banking services such as lending. (Cointelegraph)

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