MicroStrategy Stock Soars as Bitcoin Halving Nears
Analysts raise MicroStrategy's price target, anticipating a surge in Bitcoin price post-halving.
- Benchmark analyst Mark Palmer doubles MicroStrategy's price target to $1,875, predicting a Bitcoin rise to $150,000 by 2025.
- MicroStrategy's stock up 125% year-to-date, outperforming Nvidia with increased Bitcoin holdings.
- Upcoming Bitcoin halving expected to create a supply shock, potentially boosting Bitcoin and MicroStrategy's stock.
- Spot Bitcoin ETFs see over $12 billion in net inflows since January, indicating growing institutional interest.
- MicroStrategy plans to continue expanding its Bitcoin holdings, leveraging capital market transactions and excess cash.