On November 25, analysts at Bernstein, a research and brokerage firm, stated that they expect the number of Bitcoins held by MicroStrategy to grow from 1.7% of the circulating supply to 4% within the next ten years. They have also updated their year-end 2025 price target for MicroStrategy stock (MSTR) to $600.
In a client note, the analysts led by Gautam Chhugani wrote, “In our view, MicroStrategy’s Bitcoin treasury model is unprecedented on Wall Street.” Previously, in June, Bernstein had set a $290 price target when the stock was trading around $148. This price target was achieved on November 11, after a 100% increase over the past month and a 509% increase year-to-date.
MicroStrategy shares closed up 6.2% on Friday at $421.88, indicating a 42% upside potential from current levels with the new price target. Currently, MSTR is trading up 6% in pre-market trading at $447.70.
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<p>The post MicroStrategy’s Bitcoin Holdings Predicted to Reach 4% of Circulating Supply by 2031, Bernstein Analysts Increase Price Target to $600 first appeared on CoinBuzzFeed.</p>
