Odaily Planet Daily reported that analysts at Bernstein, a research and brokerage firm, expect the amount of Bitcoin held by MicroStrategy to increase from 1.7% of the circulating supply to 4% over the next decade, and they have updated their target price for MicroStrategy stock (MSTR) to $600 by the end of 2025. "In our view, MicroStrategy's Bitcoin treasury model is unprecedented on Wall Street," wrote the analyst team led by Gautam Chhugani in a client report on Monday. Bernstein had previously set a target price of $290 in June when the stock was trading at about $148. After nearly a 100% increase over the past month and a 509% rise year-to-date, the price target was reached on November 11. MicroStrategy stock closed up 6.2% last Friday at $421.88, indicating that they believe the new target price has a 42% upside potential from the current level. Currently, MSTR's pre-market trading price is up 6% at $447.70. (The Block)

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