11-07-2023 12:00 via newsbtc.com

Microstrategy Stock Surges 7% As Berenberg Highlights Bitcoin Halving’s Impact

Hamburg-based Berenberg Capital Markets recently highlighted the upcoming Bitcoin halving event as a potential trigger for the bullish case of Microstrategy, a United States-based software firm, in a recent research note.
The research note emphasized that Microstrategy, with a bullish price target of $430, primarily derives its value from its substantial holdings of over 150,000 BTC. And Berenberg expects the historical trend of Bitcoin rallying after each halving to repeat.
Halving Events And B
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