Why Bitcoin Whale MicroStrategy (MSTR) Stock Price Is Soaring?
Crypto Stocks Surge Over Bitcoin ETF Rush The announcement that Cboe’s BZX Exchange and BlackRock had resubmitted its applications for several spot Bitcoin exchange-traded funds (ETFs) a few days ago, has sparked a rally in Bitcoin -related crypto stocks this month. However, the stock price of MicroStrategy has been going up in 2023 and the upcoming Bitcoin halving might be the reason for that. advertisement A research note published recently by Hamburg-based Berenberg Capital Markets identified the imminent Bitcoin halving as a potential catalyst for the share price of Microstrategy. Berenberg predicts a significant increase in the stock price of Bitcoin maximalist Michael Saylor’s business following the fourth Bitcoin halving. Currently, $430 is Berenberg’s relatively bullish price estimate for $MSTR stock [NASDAQ: MSTR]. The investment bank predicts that the share price of the company will reach an 18-month high. The stock was...