MicroStrategy Stock Could Continue Surging Due to Bitcoin 'Halving' and Growing Crypto Portfolio

• MicroStrategy (MSTR) stock has surged over 371% in the past year. Analyst Mark Palmer believes it could rise further due to upcoming Bitcoin "halving" event.

• Bitcoin halving happens every 4 years, reducing supply and typically increasing price, which benefits MicroStrategy given its large Bitcoin holdings.

• As of February 2024, MicroStrategy held 190,000 Bitcoins acquired at an average cost of $31,224 per Bitcoin, totaling $5.93 billion. It plans to buy more.

• Analysts are optimistic about MicroStrategy due to its growing Bitcoin portfolio and positive cryptocurrency outlook.

• MicroStrategy has a Strong Buy consensus rating with a $1,733 average price target, about 11% upside from current levels.