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Why Bitcoin's 2024 Halving Could Benefit Michael Saylor's MicroStrategy, But Not So Much The Miners

Why Bitcoin's 2024 Halving Could Benefit Michael Saylor's MicroStrategy, But Not So Much The Miners

Berenberg Capital Market has presented a compelling bull case for Microstrategy Inc, the Virginia-based software company helmed by Michael Saylor. What Happened: With a price target of $430 for Microstrategy, Berenberg Capital Market wrote in a research note, seen by The Block, that the company’s substantial value derived from its extensive Bitcoin holdings, which currently exceed 150,000 BTC. The research note posits that the established historical pattern of Bitcoin surging after halving events is likely to repeat, bolstering Microstrategy’s prospects.Bitcoin halvings are periodic...

July 11, 2023
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