CANACCORD ON MICROSTRATEGY ( MSTR): “STILL TRAILBLAZING” Canaccord Genuity reiterated a Buy on MSTR with a 464 target, citing its strong execution and innovative financing. Since adopting its Bitcoin strategy in 2020, shares are up ~2,200% vs. 84% for the S&P 500. In 2025, MSTR launched four preferred stock offerings, raising over 6B—including 2.5B from STRC, the year’s largest IPO—boosting BTC per share and capital efficiency.(*Walter Bloomberg)