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?
MicroStrategy has made headlines with its largest Bitcoin purchase to date, acquiring 55,500 BTC between Nov. 18 and 24 for ...
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 ...
Learn why MicroStrategy’s bitcoin strategy is nothing like the Hunt Brothers’ silver scheme. Key misconceptions, differences, ...
Video-sharing platform Rumble has made headlines with its bold move into cryptocurrency. On November 25, the company ...
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