MicroStrategy Initiates Bitcoin Buying Spree As Analysts Predict Surge Toward $125K Bitcoin By 2025
• Benchmark initiates coverage of MicroStrategy with a buy rating and $990 price target based on assumed $125K bitcoin price by end of 2025 • Upcoming bitcoin halving expected to be a tailwind for crypto price • MicroStrategy's business model is acquiring and holding bitcoin, which makes up majority of its valuation • MicroStrategy recently bought additional 3K bitcoins, bringing total holdings to 193K coins worth $10B • Bitcoin ETF launches and halving expected to boost bitcoin demand and reduce supply, potentially driving significant price appreciation