{"id":805,"date":"2024-10-07T19:02:07","date_gmt":"2024-10-07T19:02:07","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=805"},"modified":"2024-10-07T19:02:07","modified_gmt":"2024-10-07T19:02:07","slug":"microstrategy-analyst-projects-64-upside-to-stock-based-on-bitcoin-acquisition-strategy","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=805","title":{"rendered":"MicroStrategy Analyst Projects 64% Upside To Stock Based On Bitcoin Acquisition Strategy"},"content":{"rendered":"<div>\n<p>Bernstein analysts have set a $290 price target for <strong>MicroStrategy<\/strong>\u2018s (NASDAQ:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/MSTR#NASDAQ\">MSTR<\/a>) stock, representing a potential 64% surge, based on the company\u2019s aggressive <a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/09\/40878741\/canaccord-lowers-microstrategy-price-target-to-173-cites-ongoing-bitcoin-accumulation\">Bitcoin acquisition strategy<\/a>, according to a new report.<\/p>\n<p><strong>What Happened: <\/strong>MicroStrategy, led by Executive Chairman <strong>Michael Saylor<\/strong>, has amassed a substantial <strong>Bitcoin <\/strong>(CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>) holding worth <a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/09\/40919378\/microstrategy-raises-875m-in-convertible-notes-plans-further-bitcoin-purchases\">approximately $16 billion<\/a>, making it one of the top 10 holders of the cryptocurrency. <\/p>\n<p>Bernstein analysts <strong>Gautam Chhugani, Mahika Sapra<\/strong> and <strong>Sanskar Chindalia<\/strong> praised Saylor\u2019s approach, stating, \u201cMichael Saylor pioneered a Bitcoin treasury model for corporates,\u201d DL News <a href=\"https:\/\/www.dlnews.com\/articles\/snapshot\/bitcoin-hoard-will-drive-microstrategy-stock-bernstein-says\/?utm_source=twitter&amp;utm_medium=organic_social&amp;utm_campaign=\">reported<\/a> on Monday.<\/p>\n<p>The analysts\u2019 optimistic outlook is rooted in the assumption that Bitcoin will reach $1 million by 2033 and that MicroStrategy will continue its cryptocurrency purchases. This &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/analyst-ratings\/analyst-color\/24\/10\/41214754\/microstrategy-analyst-projects-64-upside-to-stock-based-on-bitcoin-acquisition-stra\" alt=\"MicroStrategy\" analyst projects upside to stock based on bitcoin acquisition strategy>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bernstein analysts have set a $290 price target for MicroStrategy\u2018s (NASDAQ:MSTR) stock, representing a potential 64% surge, based on the company\u2019s aggressive Bitcoin acquisition strategy, according to a new report. What Happened: MicroStrategy, led by Executive Chairman Michael Saylor, has amassed a substantial Bitcoin (CRYPTO: BTC) holding worth approximately $16 billion, making it one of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-805","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/805","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=805"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/805\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=805"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=805"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=805"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}