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Ethereum $4,609.96 -0.83%
BNB $927.13 -0.32%
Optimism $0.78 -4.25%
Arbitrum $0.51 -4.40%
Solana $246.73 +3.34%
Polygon $0.22 +2.77%
Cosmos $4.66 -3.20%
Avalanche $29.57 -0.25%

Bitcoin Halving Expected to Boost MicroStrategy's Stock Value, Says Berenberg Capital Markets

Investment firm Berenberg Capital Markets has given a bullish outlook on MicroStrategy (MSTR), founded by Michael Saylor, ahead of the upcoming Bitcoin halving. Berenberg has set a $430 price target for the tech firm, which holds 152,333 Bitcoin.

The analysts predict that a Bitcoin halving rally could significantly increase the value of MicroStrategy's shares. Berenberg notes that previous halving cycles have seen Bitcoin's price surge by at least 682%, but the overall demand for Bitcoin must be considered before predicting the potential magnitude of a future rally.

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Bitcoin Halving Expected to Boost MicroStrategy's Stock Value, Says Berenberg Capital Markets

All Comments

Recommended for you

The value of Bitcoin held by public companies has soared to over $113 billion

Publicly listed Empery Digital becomes the 21st largest Bitcoin holder

Binance Alpha will list Project Merlin (MRLN) and open airdrops to eligible users

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BNB's market capitalization hits a record high of $131 billion

A look at the key developments from midday on September 13th

US spot Ethereum ETF saw a net inflow of $402.27 million yesterday

MicroStrategy is looking to sell its Class A shares to raise $2 billion to buy more Bitcoin

Cointime February 24 News Express

Analysis: MicroStrategy’s BTC purchases offset German government selling pressure

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