MicroStrategy Incorporated (NASDAQ: MSTR) shares are trading lower on Friday despite reporting second-quarter revenue of $114.49 million, beating estimates of $112.96 million. The company also reported second-quarter adjusted earnings of $32.52 per share, prompting Benchmark analyst Mark Palmer to raise the price forecast to $705. Strategy executives outlined plans to transform the firm into the world’s largest corporate treasury, emphasizing a long-term strategy over short-term earnings. The focus on increasing bitcoin exposure and a new capital strategy led to a price forecast assuming Bitcoin reaches $225,000 by 2026. MSTR shares are currently trading lower by 6.15% at $15.95. Analyst ratings for MSTR include Buy recommendations from BTIG and Canaccord Genuity, while Citigroup maintains a Sell rating.

Read more at Yahoo Finance: MicroStrategy’s $14 Billion Bitcoin Gain Becomes A Footnote In Bold Treasury Vision