According to Odaily Planet Daily, brokerage BTIG said in a research report that MicroStrategy has a good record of creating value for shareholders, and reiterated its buy rating on the stock, and raised its target price from $780 to $1,800. Analysts Andrew Harte and Thomas Smith pointed out that MicroStrategy's stock price has risen 155% this year, mainly due to a 50% increase in Bitcoin prices, increasing financing, and the implied premium of MicroStrategy's Bitcoin holdings has risen from about 1.5 times last year to more than twice. The report said that investors support a higher implied Bitcoin premium, and although the premium has increased compared to historical levels, "investors have shown a willingness to invest because of the bullish premium."
