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Bitcoin's halving occurred this past Friday evening. Halving events come around more or less every four years.
Michael Saylor, the founder of MicroStrategy (NASDAQ: MSTR) and a prominent Bitcoin (BTC) advocate, has offloaded 400,000 shares of his company's stock since the start of the year.
Following a share-sale plan executed last year, MicroStrategy founder Michael Saylor has profited handsomely from unloading stock in 2024.
Bitcoin enthusiasts eagerly anticipate the upcoming halving event, scheduled for April 19, as it marks a pivotal moment in the cryptocurrency ecosystem. Since its inception, this event, ingrained into Bitcoin's protocol, has historically triggered significant market movements.
The ongoing crypto market rally has – despite stagnating as Bitcoin (BTC) struggles to reclaim the critical all-time high (ATH) level of $73,000 – lifted multiple cryptocurrency stocks into the stratosphere.
Benchmark Managing Director and Senior Research Analyst for Fintech and Digital Assets significantly raised his price target on MicroStrategy (MSTR), from $990 to $1,875, while reiterating the Buy rating on the stock. This move was prompted by the ongoing rally in Bitcoin (BTC-USD), as the much-anticipated halving event approaches.
MicroStrategy (NASDAQ: MSTR ) stock has been one of the year's biggest breakout stocks so far. The multi-faceted technology company is up more than 340% over the past six months alone.
MicroStrategy Inc (NASDAQ: MSTR) is up more than 10% on Monday after a Benchmark analyst issued a super bullish note in its favour.
Shares of MicroStrategy Inc. charged higher Monday, after Wall Street's new top bull nearly doubled his price target, because he assumes bitcoin prices will more than double in less than two years.
MicroStrategy (NASDAQ: MSTR ) stock is on the move Friday after analysts at BTIG boosted their price target for the software and Bitcoin ( BTC-USD ) holding company's shares. BTIG analyst Andrew Harte increased the firm's price target for MSTR stock from $780 per share to $1,800 per share.