StoneX's Mark Palmer: Why MSTR Price Target Is $435

Mark Palmer, senior equity research analyst at StoneX, examines Strategy's recent capital allocation, which saw the firm put six times more into repurchasing Stretch shares than into acquiring Bitcoin. He contends that STRC is essential to how Strategy raises funds, and that the company's $4.9 billion USD Reserve is gradually lifting the preferred stock toward its par value. Palmer also explains why raising the dividend rate is not a straightforward option for the company.

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