Microstrategy's Stock Poised to Benefit from Bitcoin Halving, Berenberg Predicts
Berenberg Capital has revealed its bullish case for Michael Saylor's Microstrategy ahead of the upcoming Bitcoin (BTC) halving event. In a recent research note, the investment firm said the Bitcoin halving, scheduled for...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
In a recent research note, the investment firm said the Bitcoin halving, scheduled for April 26, 2024, serves as the primary driving force behind the firm's positive outlook.
Berenberg currently holds a price target of $430 for the Virginia-based software company, a notable increase from its current price of $407.71 per share. ...
Read More: Microstrategy's Stock Poised to Benefit from Bitcoin Halving, Berenberg Predicts
Why this matters
This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptonewsRelated market context
Strive to sell another $130M of SATS stock to buy more bitcoin
Bitcoin treasury firm Strive wants another $130 million on top of a previously announced $500 million IPO to buy more BTC and grow...
ChatGPT AI Predicts Million-Dollar Bitcoin by 2027
ChatGPT AI predicts Bitcoin will hit $1M+, which isn’t a crazy call, since many analysts share the same view. What makes this pred...
MSCI Tightens Index Rules As Strategy And Other Bitcoin Treasury Firms Face Fresh Scrutiny
TL;DR: MSCI has revised its methodology for classifying non-operating companies, putting Bitcoin-heavy treasury businesses under c...
Crypto Biz: Wall Street closes at 4. Tokenized stocks keep trading
Tokenized stocks are drawing trading activity beyond Wall Street hours, while Bitcoin miners confront costly AI expansion and new...
Ethereum lacks bullish catalyst despite Binance leverage reset: CryptoQuant
The leverage reset enhances market stability, but sustained growth hinges on fresh capital inflows and increased institutional int...
Ripple Prime Opens 24/7 Swaps on Stocks, Metals and Currencies, With Virtu Already Trading
Ripple Prime, Ripple’s institutional prime brokerage, now lets clients hold positions on stocks, indices, commodities and currenci...