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Benzinga

Business

Nabaparna Bhattacharya

MicroStrategy's $14 Billion Bitcoin Gain Becomes A Footnote In Bold Treasury Vision

Strategy Bitcoin Mark Palmer MSTR Michael Saylor

Porto,,Portugal,-,October,25th,,2024,Microstrategy,Logo,Displayed,On

MicroStrategy Incorporated (NASDAQ:MSTR) shares are trading lower on Friday. The company, which does business as Strategy, reported second-quarter revenue of $114.49 million, beating analyst estimates of $112.96 million.

The company reported second-quarter adjusted earnings of $32.52 per share on Thursday. Following the earnings release, Benchmark analyst Mark Palmer reiterated the Buy rating on Strategy, raising the price forecast to $705.

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One subscription that gives you access to news from hundreds of sites

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