Investment bank Benchmark defends Bitcoin treasury Strategy, labeling it a lucrative opportunity for crypto exposure. Critics are dismissed as unfamiliar with how Strategy works. The firm maintains a “buy” rating with a $705 price target, anticipating Bitcoin to reach $225,000 by 2026.

Strategy, previously MicroStrategy, began purchasing Bitcoin in 2020 to safeguard shareholder returns. It now holds 650,000 BTC valued at $55.2 billion, making it the largest corporate holder of the digital coin. Investors can access Bitcoin exposure through stock and dividend instruments issued by Strategy.

Despite its stock decline in 2025, Strategy has amassed a significant Bitcoin reserve. Year-to-date, BTC is down 9%, with conflicting predictions on its future price. Strategy formed a $1.44 billion USD reserve for continuous dividends during Bitcoin downturns, leaving the option open to sell the cryptocurrency.

Read more at Yahoo Finance: Benchmark Is Bullish on Strategy Even as Stock Plunges Amid Possibility of Selling Bitcoin