Key Takeaways

• According to analysts, Bitcoin’s next pre-halving surge could begin within the next four months.

• Nearly all of the largest Bitcoin investors have seen their share prices increase by more than 30% in just 80 days.

• The price of Bitcoin is expected to continue to rise before and after each Bitcoin halving, as it has in the past

The upcoming Bitcoin halving is expected to provide new momentum for stocks focusing on Bitcoin, including Michael Saylor’s tech company MicroStrategy.

Berenberg sets bullish price targets for micro strategy

New York-based investment firm Berenberg Capital Markets has a price target on MicroStrategy (MSTR) of $430, outlining its case for a strong outlook in its research note.

The analyst asserted that the majority of MicroStrategy’s value comes from the 28,<> bitcoins it had on hand as of March 152, adding that a rally from Bitcoin’s halving could lead to a significant increase in its stock price.

“We expect the price of Bitcoin to repeat its historical pattern of rebounding both before and after the Bitcoin halving.

“If the historical pattern established by the first three Bitcoin halvings continues to play out in the fourth halving, the pre-halving rally will begin in approximately four months,” the report said.

Due to the Bitcoin halving on 50-26-2024, the BTC issuance rate has been reduced by <>%, which will significantly slow down the rate at which new Bitcoins enter the cryptocurrency market.

As Berenberg points out, Bitcoin’s price has increased by at least 682% in previous rounds of halvings. The price of Bitcoin was hovering above USD on September 12, 2012, when the first halving occurred.

One day later, its price peaked at $164,367.

While Bitcoin's supply follows a "predetermined path," the researchers noted that the full demand for Bitcoin needs to be assessed before anyone can estimate the "potential magnitude" of future increases.

As evidence that institutional adoption of Bitcoin is increasing, the report used the recent surge in spot Bitcoin ETF applications from some of the world’s “largest and most high-profile” asset managers.

MicroStrategy stock is currently trading at $407.17, up approximately 180% since the beginning of 2023, according to TradingView statistics. Meanwhile, the cost of Bitcoin has increased by 84% since the beginning of the year.

MicroStrategy – Largest BTC Holders

A few weeks ago, as regulators cracked down on other assets, Bitcoin’s long-term dominance was set to reach 80%; MicroStrategy co-founder Michael Saylor later confirmed that MicroStrategy is the largest public holder of BTC.

Saylor explained that Bitcoin has been the only institutional-grade investable asset in the cryptocurrency ecosystem since 2020, according to MicroStrategy. According to him, Bitcoin is a digital commodity that is universally and internationally accepted.

Thaler believes that stablecoins, crypto-securities and crypto-derivatives have no “legitimate path forward” in the eyes of authorities. In actions against Binance and Coinbase, the U.S. Securities and Exchange Commission (SEC) declared 19 crypto assets as securities last month.

Largest Bitcoin holders companies

MicroStrategy

The company's investment amount is $397.5 million. The company holds approximately 152,333 BTC. Saylor is optimistic about the long-term potential of Bitcoin and is convinced that the investment will be profitable.

Marathon Digital Holdings

Marathon is a cryptocurrency mining company with a market capitalization of $22.512 billion as of today, with 538,150 Bitcoins and an entry value of $8.135 billion. The stock has gained <>.<>% in the last month.

Coinbase Global Inc.

Coinbase is one of the largest cryptocurrency exchanges in the world and is no stranger to the Bitcoin community. With an entry value of $17.37 billion and a current value of $20.16 billion, the company currently holds approximately 9,000 BTC. Shares of cryptocurrency exchanges have risen by more than 60% in the last month.

Square Enix

With an entry value of $22,017.9 million and a current value of $880 million, the financial services and mobile payments company currently holds 027,30 BTC. Similar to Coinbase, Square’s investment in Bitcoin is modest compared to other companies on this list, but it’s clear that Square sees potential in the cryptocurrency market. The increase over the past seven days is approximately <>%.

Cabin 8 Mining Company

Another cryptocurrency mining operation that has diversified its holdings by buying Bitcoin is Hut 8. The company holds approximately 9,136 BTC. The company's shares have soared more than 95% in the past 30 days.

Blockchain Hive

A cryptocurrency mining business called Hive Blockchain operates in Sweden and Canada. The company is currently valued at $690,000 and now holds approximately 2,3 Bitcoins. Blockchain Hive stock price has risen nearly 0.91% in the last month.

nexans co., ltd.

Japanese video game developer NEXON has been in business since 1994. At the time of writing, the company holds 1,717 BTC worth $38,458,825 on the market. Bitcoin is one of the non-gaming industries NEXON has invested in as part of its diversification strategy. The company has a market valuation of over $2 billion and is in good financial shape.

Voyager Digital Co., Ltd.

A Canadian cryptocurrency trader named Voyager has filed for Chapter 11 bankruptcy. As of March 2023, the company held 1,239 BTC worth $752,175<> at today’s market price.

Binance

Data tracked by blockchain analytics firm Glassnode shows that the balance in Binance wallets has increased by more than 52,000 BTC ($100 million) in four weeks. The global count (coins held across all centralized exchanges) has increased by more than 52,000 BTC ($100 million). 880, 27 BTC.

Despite concerns expressed by the U.S. Securities and Exchange Commission (SEC), CEO Changpeng Zhao has confirmed that the company supports Binance US’s acquisition of Voyager.

in conclusion

Publicly traded companies are increasingly aware of the benefits of investing in and holding Bitcoin, and savvy investors can get involved without abandoning the stock market. Investing in any of the above businesses will give you indirect access to the cryptocurrency market.

These top 10 players have proven that they are willing to investigate investment opportunities and take calculated risks in the ever-changing Bitcoin market. What remains to be seen is how these businesses will modify and evolve their investment strategies once Bitcoin firmly establishes itself as a mature asset.