Cointime

Cointime

Download App
iOS & Android
Home / Point

Bitcoin Halving Expected to Boost MicroStrategy's Stock Value, Says Berenberg Capital Markets

Investment firm Berenberg Capital Markets has given a bullish outlook on MicroStrategy (MSTR), founded by Michael Saylor, ahead of the upcoming Bitcoin halving. Berenberg has set a $430 price target for the tech firm, which holds 152,333 Bitcoin.

The analysts predict that a Bitcoin halving rally could significantly increase the value of MicroStrategy's shares. Berenberg notes that previous halving cycles have seen Bitcoin's price surge by at least 682%, but the overall demand for Bitcoin must be considered before predicting the potential magnitude of a future rally.

Bitcoin Bitcoin $96,434.17
-0.16%
MicroStrategy Rally
Comments

All Comments

Recommended for you

  • South Korea's Public Prosecutor's Office suspends execution of Yoon Seok-yeol arrest warrant

    According to a report from Korean News Agency, due to the ongoing standoff, the Korean Public Officials Crime Investigation Department stated that the execution of the arrest warrant was stopped at 1:30 p.m. local time today (January 3), which is 12:30 p.m. Beijing time. Currently, the personnel from the Public Officials Crime Investigation Department and the police who were executing the arrest warrant have left the presidential palace. 

  • South Korean court approves arrest warrant for current President Yoon Seok-yeol

    on that day, the South Korean court approved an arrest warrant against Yoon Seok-yeol on charges of insurrection. It is reported that this is the first arrest warrant issued against a sitting president in the history of South Korean constitutional politics. On the 30th, the "Joint Investigation Headquarters" composed of the Korean Senior Public Officials Crime Investigation Department, the police, and the Ministry of National Defense Investigation Department submitted a request to detain President Yoon Seok-yeol to the Seoul Western District Court. The Korean Senior Public Officials Crime Investigation Department has issued three summonses to Yoon Seok-yeol on suspicion of "insurrection leader" and "abuse of power to obstruct the exercise of rights", but Yoon Seok-yeol has not responded. According to the South Korean "Criminal Procedure Law", if the suspect has no justifiable reason to refuse to accept the investigation request, or may not accept the investigation request, the investigation agency can apply to the court for an arrest warrant and conduct a forced investigation on the relevant personnel.

  • Brazilian Congressman Warns of Drex CBDC Risks, Rejects Cash Abolition Bill

    Brazilian congresswoman Julia Zanatta is concerned about the impact of the implemented digital currency (drex) on citizens' lives. Julia Zanatta emphasized that the use of drex (the national central bank digital currency) could lead to the end of physical currency as the country progresses towards implementing it. In a recent interview, Julia Zanatta explained that the use of drex should be voluntary rather than mandatory, as it could become a tool for controlling Brazilians. She has planned multiple backup measures to prevent this from happening and to help Brazilians maintain their current economic freedom.

  • Vivek Ramaswamy X's account was hacked, and the cooperation with USUAL was fake news

    Vivek Ramaswamy, who co-leads the US government efficiency department with Musk, confirmed that his X account was hacked and false news about cooperation with USUAL was previously released.

  • Binance Alpha announces first batch of projects: KOMA, Cheems, APX, ai16z, and AIXBT

    according to official sources, Binance Alpha has announced its first batch of projects, which are: KOMA, Cheems, APX, ai16z, and AIXBT.

  • ZachXBT: X platform account leakage may be related to the lack of 2FA security measures

    blockchain detective ZachXBT wrote: "Recently, there have been many account leak incidents on X platform. I suspect that these accounts did not use secure keys or identity verification programs for 2FA."

  • South Korea's Constitutional Court will hold its first hearing on the impeachment case of Yoon Seok-yeol on December 27

    a spokesperson for the South Korean Constitutional Court stated that the court will hold its first hearing on the impeachment case of Yoon Seok-yeol on December 27th. (Jinshi)

  • MicroStrategy is looking to sell its Class A shares to raise $2 billion to buy more Bitcoin

    MicroStrategy is seeking to sell its Class A shares to raise up to $2 billion to purchase more Bitcoin and for general corporate purposes.In regulatory filings filed with the U.S. SEC, MicroStrategy did not disclose a timetable for stock sales or how much proceeds would be used to purchase Bitcoin.Earlier in June this year, MicroStrategy announced the issuance of $500 million unsecured senior convertible notes to purchase more Bitcoin, and one day later raised the issue price to $700 million.

  • Cointime February 24 News Express

    1. Paypal to launch global hackathon with 40,000 PYUSD prizes

  • Analysis: MicroStrategy’s BTC purchases offset German government selling pressure

    Some analysts believe that the German government's massive sale of Bitcoin is the reason for the sluggish cryptocurrency market. In addition, traders are concerned that the stock market may have peaked and that the US fiscal situation is weakening. According to previous monitoring by the on-chain crypto analysis company Arkham, a wallet related to the German government transferred 6,500 BTC to exchanges on June 19th, worth $425 million at the time. The wallet holds nearly 50,000 BTC, reportedly seized from the pirated movie website Movie2k that has been operating since 2013. Data shows that these BTC were sent to Kraken, Bitstamp, and Coinbase. However, MicroStrategy disclosed that it has purchased an additional 11,931 BTC for $786 million, which offsets the selling pressure.

Daily Must-Read

Popular Activities

Delysium $AGI & AI Private Yacht Party

Delysium $AGI & AI Private Yacht Party

March 27 - March 27
Seoul

Popular Tags

Cointime
News
Contents
RSS
Company