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.
MicroStrategy's Bitcoin Bet: A Comprehensive Guide to the Company's Notable Investments and Contributions to the Crypto Industry
MicroStrategy, a well-known American company, has made a name for itself in the world of cryptocurrency through its pioneering investments and unwavering support for Bitcoin. This article provides a detailed overview of MicroStrategy, its notable Bitcoin investments, and its contributions to the wider crypto industry.
MicroStrategy's Chief Revenue Officer Resigns after nearly Seven Years
Kevin Adkisson, the chief revenue officer of MicroStrategy, a software intelligence firm that holds bitcoin on its balance sheet, has resigned from his position. Adkisson will continue to work with the company in an advisory capacity during a transition period. The reason for his departure is unclear, and the company has not yet commented on the matter. MicroStrategy's president and CEO, Phong Le, will take over Adkisson's responsibilities as head of the company's sales organization and sales function. The departure comes as MicroStrategy continues to purchase bitcoin, with its total holdings now worth around $4.6 billion.
MicroStrategy's Bitcoin Investment Pays Off: Company Makes Over $200 Million in Profit
July 5 (Cointime) - MicroStrategy has been consistently investing in Bitcoin and has increased its holdings over the past two years. Despite facing losses during the crypto winter triggered by LUNA collapse and FTX bankruptcy, the company's investments are now back in the green.
MicroStrategy's Bitcoin Purchases Spark Debate on Centralization
June 30 (Cointime) - The acquisition of Bitcoin by MicroStrategy has caused discussions about the possibility of centralization of the cryptocurrency. The company, led by Michael Saylor, has replaced its cash reserves with Bitcoin and now holds an impressive 152,333 BTC. This concentration of Bitcoin holdings has raised concerns about the decentralized nature of the currency.
MicroStrategy's Michael Saylor Sees Bitcoin ETF as Onramp for Institutional Investors, but Not Immediate Price Gains
June 30 (Cointime) - Michael Saylor, Executive Chairman of MicroStrategy, has expressed his belief that a Bitcoin ETF would be a significant development for the industry, providing clarity to institutional investors and legitimizing Bitcoin as an asset.
Bitcoin Recovers After MicroStrategy Purchase, Falling Wedge Pattern Forms, and When the Last Bitcoin Will be Mined
June 29 (Cointime) - Bitcoin has shown a rise of 2.24% and hit the $30,700 zone, but has since slipped back to $30,562 on the Bitstamp exchange. Crypto trader Scott Melker has posted a BTC/USDT chart on Twitter, showing a Falling Wedge pattern forming, which is likely to push the asset's price to the North.
MicroStrategy's Consistent Bitcoin Buyups Spark Concerns in Crypto Community
June 28 (Cointime) - MicroStrategy, the world's largest Wall Street Bitcoin holder, has purchased another $340 million worth of Bitcoin, bringing their total holding to 152,333 Bitcoin. Some members of the crypto community are concerned about MicroStrategy's plan for acquiring and holding BTC, with speculation about when they will sell off their holdings.
Bitcoin Analyst Willy Woo Predicts Price Target of $310K Amid Growing Bullish Sentiment
June 28 (Cointime) - Bitcoin's price is being driven up by a combination of positive factors, leading to a growing bullish sentiment. Crypto analyst Willy Woo has predicted a potential price target of around $310,000 if asset managers such as BlackRock and Fidelity were to inject 5% of their Assets Under Management into Bitcoin.
Bitcoin Retests $30,000 Support as Fed Chair Powell Signals More Interest Rate Hikes Coming
June 28 (Cointime) - On June 28, Bitcoin experienced another test of its $30,000 support level as the US Federal Reserve remained hawkish on inflation. Fed Chair Jerome Powell reiterated the consensus for further interest rate hikes this year during a discussion with other central bank heads.
