Analysts overhaul MicroStrategy stock price target amid bitcoin rally
Bernstein analyst Gautam Chhugani, who boosted his price target on MicroStrategy by $310 to $600 a share in a note published Monday, sees the group as a principal beneficiary. Chhugani estimates MicroStrategy owns around 1.7% of global bitcoin and says could grow to 4% over the next decade in his base-case scenario.
Concentration of Bitcoin ownership challenges the foundational idea of a decentralized cryptocurrency network.
Bernstein raised its price target for MSTR stock to $600 from $290 as MicroStrategy buys another 55.5K BTC for $5.4 billion.
Bitcoin price opened at $92,834 on Nov 26, down 7% from the $99,314 ATH, derivatives markets data shows how MicroStrategy’s ...
The company's Bitcoin strategy has trounced the market and made shareholders rich. But will the good times continue?
Why MicroStrategy Needs Money MicroStrategy announced that it used the proceeds from the convertible notes offering and ...
MicroStrategy solidifies its position as the largest corporate Bitcoin holder, now owning 386,700 BTC, which it acquired for ...
MicroStrategy Inc. bought a record $5.4 billion in Bitcoin, the third major purchase announced this month by the crypto hedge ...
Learn why MicroStrategy’s bitcoin strategy is nothing like the Hunt Brothers’ silver scheme. Key misconceptions, differences, ...
MicroStrategy (MSTR), a data-analytics and software company that is the largest corporate Bitcoin holder. Crypto bros ...
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