{"id":13667,"date":"2024-02-28T20:10:45","date_gmt":"2024-02-28T20:10:45","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=13667"},"modified":"2024-02-28T19:45:03","modified_gmt":"2024-02-28T19:45:03","slug":"microstrategy-expects-share-price-rise-considering-bitcoin-investments","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/microstrategy-expects-share-price-rise-considering-bitcoin-investments\/","title":{"rendered":"MicroStrategy Anticipates Share Price Increase Considering Bitcoin Investments!"},"content":{"rendered":"

According to Benchmark\u2019<\/strong>, MicroStrategy \u2019<\/strong>‘s Bitcoin<\/strong> assets have exceeded $11 billion<\/strong> and the company’s shares could benefit from institutional demand in the Bitcoin space and from the Bitcoin<\/strong> halving.<\/p>\n

The investment bank Benchmark<\/strong>\u2019s analysis suggests MicroStrategy<\/strong> shares are obtaining a “buy” recommendation with a target price of $990<\/strong> because the Bitcoin purchasing software provider is ready for big gains stemming from institutional demand and the halving event in April.<\/p>\n

Benchmark<\/strong> senior analyst Mark Palmer<\/strong> pointed out in a research report dated 27 February that MicroStrategy<\/strong> (MSTR<\/strong>) provides investors with a “timely move” concerning the forthcoming Bitcoin<\/strong> halving. He mentioned that the company’s Bitcoin<\/strong> assets have risen above $11 billion<\/strong>.<\/p>\n

Palmer<\/strong> also predicted that increasing demand for Bitcoin<\/strong>, triggered by new US<\/strong> spot<\/strong> Bitcoin<\/strong> exchange-traded funds (ETFs), would support MicroStrategy\u2019s<\/strong> share price.<\/p>\n

On 26 February, excluding Grayscale<\/a>‘s GBTC<\/strong>, ten US Bitcoin ETFs saw a significant net inflow of $519 million<\/strong> and since their launch on 11 January, have generated over $6 billion in net inflows.<\/p>\n

Additionally, Palmer<\/strong> also looked at the impending Bitcoin<\/strong> halving as a factor predicting an upward price movement for MicroStrategy<\/strong>.<\/p>\n

The halving of Bitcoin<\/strong> refers to miners’ rewards being cut in half. This results in a decrease in the market supply of new Bitcoin<\/strong> in the future and is widely perceived as a long-term catalyst that supports the bull market by crypto market experts.<\/p>\n

Palmer<\/strong> pointed out that the first halving of Bitcoin<\/strong> in 2012<\/strong> saw its price rise from about $12<\/strong> to almost $1,000<\/strong>, and inside the year following the halving in July 2016, Bitcoin’s<\/strong> price rose from $650 to $2,250<\/strong>.<\/p>\n

“The halving in May 2020<\/strong> came prior to Bitcoin’s remarkable increase from $8,572 in 2021<\/strong> to its all-time high of $67,566<\/strong>“, he added.<\/p>\n

MicroStrategy<\/strong> is implementing a tactic known as a “leveraged business strategy” using debt financing and share sales to finance its Bitcoin<\/strong> holdings without additional costs. This is designed to increase its direct exposure to Bitcoin<\/strong> and, according to Palmer<\/strong>, will favor the company as long as there is an ongoing rise in the price of Bitcoin<\/strong>.<\/p>\n

On 26 February, MicroStrategy<\/strong> purchased an additional 3,000 Bitcoin<\/strong>, and the total assets were raised to 193,000 BTC<\/strong>. This investment is currently worth an average of $11 billion<\/strong>.<\/p>\n

The share price of MicroStrategy<\/strong> is currently at the level of $871<\/strong>, increasing by 9.4% within the day, according to TradingView<\/strong> data.<\/strong><\/p>\n

Meanwhile, the price of Bitcoin<\/strong> is trading at $57,083<\/strong> and recorded a gain of 9.2%<\/strong> last week. This is largely supported by strong institutional demand for the cryptocurrency.<\/p>\n

\n

You can present own thoughts as comment about the topic. Moreover, you can follow us on\u00a0Telegram<\/strong>\u00a0and\u00a0<\/a>YouTube<\/strong><\/a>\u00a0channels for the kind of the news.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

According to Benchmark\u2019, MicroStrategy \u2019‘s Bitcoin assets have exceeded $11 billion and the company’s shares could benefit from institutional demand in the Bitcoin space and from the Bitcoin halving. The investment bank Benchmark\u2019s analysis suggests MicroStrategy shares are obtaining a “buy” recommendation with a target price of $990 because the Bitcoin purchasing software provider is<\/p>\n","protected":false},"author":1,"featured_media":13666,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,2],"tags":[61,1096,4615,1494],"class_list":["post-13667","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-news","tag-bitcoin","tag-grayscale","tag-mark-palmer","tag-microstrategy"],"yoast_head":"\nMicroStrategy Anticipates Share Price Increase Considering Bitcoin Investments! - Coin Engineer<\/title>\n<meta name=\"description\" content=\"According to Benchmark\u2019, MicroStrategy \u2019's Bitcoin assets have exceeded $11 billion and the company's shares could benefit.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/microstrategy-expects-share-price-rise-considering-bitcoin-investments\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MicroStrategy Anticipates Share Price Increase Considering Bitcoin Investments! 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