最新报道:Michael Saylor's MicroStrategy purchased an additional 430 BTC for $51.4 million last week, primarily funded through new preferred stock issuances (STRK, STRF, STRD). This follows their recent policy adjustment allowing share offerings when "deemed advantageous," even if market NAV falls below 2.5x. TD Cowen analysts describe MicroStrategy as "a new kind of firm" converting market volatility appetite into Bitcoin exposure, maintaining a $680 price target based on projections of holding 900,000 BTC (4.3% of supply) by 2027 with BTC at $232,000. They view competing Bitcoin treasuries as bullish for legitimizing the model, noting MicroStrategy's record $10B net income last quarter while holding over 3% of Bitcoin's circulating supply.