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MicroStrategy buys more bitcoin
MicroStrategy’s bitcoin buys lead to a new Wall Street-high stock price target
Shares of MicroStrategy Inc. looked set to extend their bounce on Monday, after Benchmark analyst Mark Palmer raised his price target to the highest on Wall Street, saying the ability of the company to create shareholder value through its bitcoin purchases is being undervalued.
MicroStrategy buys more bitcoin; Wall Street ratchets up its price targets
MicroStrategy (NASDAQ:MSTR) bought ~55,500 more bitcoins (BTC-USD) for ~$5.4B in the week of Nov. 18-24, an ~17% increase in its bitcoin holdings, the company disclosed in a filing on Monday. The software company,
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.
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17h
Stock Market News: Nasdaq Composite Rises & Wall St Upgrades MicroStrategy (MSTR) and Palantir (PLTR)
Live Updates Make sure to refresh this page periodically for updates. Palantir Receives Upgrade 9:18 am Another stock seeing ...
1d
Why MicroStrategy Stock Rocketed 24.7% Higher This Week
Shares of MicroStrategy (NASDAQ: MSTR) jumped 24.7% higher this week, according to data from S&P Global Market Intelligence.
cryptoglobe
3d
Two Soaring MicroStrategy-Driven Leveraged ETFs Are Pushing Wall Street’s Risk Limits
Two High-risk MicroStrategy leveraged ETFs are soaring, challenging Wall Street's capacity to handle extreme volatility.
Coingape
44m
Is Marathon Digital (MARA) a Better Bet Than MicroStrategy (MSTR) Stock Now?
Marathon Digital (MARA) stock can outperform MicroStrategy (MSTR) with its strong Bitcoin mining business, reports Cantor ...
3d
Booming MicroStrategy ETFs Are Straining Limits at Prime Brokers
Amid a red-hot run in the shares of MicroStrategy Inc. last month, Matt Tuttle got some bad news from the prime brokers for ...
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