Canaccord recently dubbed MicroStrategy's 'intelligent leverage strategy' as ideal for gaining exposure to Bitcoin (BTC).
MicroStrategy's overall Bitcoin acquisition strategy, including its '21/21 plan', is acknowledged, which involves a $42 billion capital inflow split evenly between ATM equity offerings and fixed-income securities.
Canaccord raised MSTR's price target from $173 to $300, while keeping a 'buy' rating on the stock.
More firms are following in MicroStrategy's footsteps, replicating its Bitcoin acquisition strategy.