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 price target 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 around $148. After rising nearly 100% in the past month and up 509% year-to-date, that price target was reached on November 11. MicroStrategy stock closed up 6.2% last Friday at $421.88, indicating they believe the new price target has a 42% upside potential from current levels. Currently, MSTR is trading up 6% in pre-market at $447.70. (The Block) #zachxbt