MicroStrategy's 'unprecedented' bitcoin buying could push its stock up another 49%, Bernstein says

Biztoc.com - 25 November 2024

MicroStrategy's 'unprecedented' bitcoin buying could push its stock up another 49%, Bernstein says

MicroStrategy stock may could soar further on its unique bitcoin strategy, says Bernstein. MicroStrategy owns 1.8% of the total bitcoin supply and plans to increase its holdings. Bernstein projects the company will own $830 billion, or 4% of the total bitcoin…

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