MicroStrategy Price Target Raised on Bullish Bitcoin Forecast

MicroStrategy price target raised to $1,875 from $990 at Benchmark based on assumed $150,000 bitcoin price by 2025 (up from prior $125,000 forecast)
Bitcoin halving in April expected to create supply shock; demand shock from spot BTC ETFs could magnify impact
MicroStrategy to continue acquiring bitcoin with excess cash and capital markets funding
Benchmark estimates MicroStrategy to hold 298,246 bitcoins by end of 2025
MicroStrategy's bitcoin premium supported by investors wanting crypto exposure and company's ability to raise capital to buy more BTC