Benchmark analyst Mark Palmer has increased his price target for MicroStrategy (MSTR) stock from $215.5 to $245 per share, citing continued potential for gains as the stock already trades at a 2.3x premium to the company's net asset value (NAV) of its Bitcoin portfolio. Currently priced around $206, MSTR could increase in value if the company continues leveraging its balance sheet to acquire more Bitcoin (BTC) and initiates lending of its digital currency for low-risk yield. Palmer highlighted that MicroStrategy's Bitcoin yield has been impressive, showing a 17.8% yield year-to-date as of September 19, which significantly surpasses its historical yields of 1.8% in 2022 and 7.3% in 2023. This strategy is part of MicroStrategy's commitment to increasing its BTC assets and generating revenue from them, particularly through lending arrangements established in September.

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