Bitcoin

April

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/microstrategys-major-bitcoin-holdings-make-headlines/" data-wpel-link="internal">MicroStrategy’s Major Bitcoin Holdings Make Headlines</a><br></p>
<p style="text-align: justify">A development in the investment world has drawn attention towards the cryptocurrency <a href="https://coin-turk.com/nu-varyanti-kripto-para-piyasalarini-olumsuz-etkiliyor" data-wpel-link="internal">Bitcoin</a>, related to the actions of a company. According to <strong>Benchmark</strong> analyst Mark Palmer, MicroStrategy shares (MSTR) are currently worth buying. Why? Because this software firm is preparing to profit from institutional demand and critical events like the <a href="https://en.coin-turk.com/bitcoins-market-cap-surpasses-1-trillion-as-prices-soar/" data-wpel-link="internal">Bitcoin</a> halving by purchasing Bitcoin.</p> 
<h2 style="text-align: justify" id="microstrategy-in-the-spotlight-with-its-massive-bitcoin-assets">MicroStrategy in the Spotlight with Its Massive Bitcoin Assets</h2> 
<p style="text-align: justify">MicroStrategy has increased its Bitcoin assets to over $11 billion. According to Benchmark, the company’s share price could rise to $990. Palmer bases this prediction on the assumption that Bitcoin will reach $125,000 by the end of 2025.</p> 
<p style="text-align: justify">However, MicroStrategy’s potential for growth is influenced not only by the cryptocurrency Bitcoin but also by the increasing demand for new spot Bitcoin exchange-traded funds (ETFs) in the US. Excluding Grayscale’s GBTC, ten US Bitcoin ETFs have seen significant net inflows, attracting more than $6 billion in total.</p> 
<p style="text-align: justify">Another reason for the expected upward trend in MicroStrategy shares is the upcoming Bitcoin halving on April 20. This event, which will result in a reduction of miners’ rewards, is expected to increase demand for Bitcoin and contribute to a long-term rise, according to experts.</p> 
<h2 style="text-align: justify" id="microstrategy-s-bitcoin-strategy">MicroStrategy’s Bitcoin Strategy</h2> 
<p style="text-align: justify"><strong>MicroStrategy</strong> is using a leveraged business strategy to increase its focus on Bitcoin. This strategy is viewed positively by analysts who believe the firm will benefit from the continuous rise in Bitcoin prices.</p> 
<p style="text-align: justify">The company most recently purchased an additional 3,000 Bitcoins on February 26, bringing its total holdings to 193,000 <a href="https://coin-turk.com/bitcoin-analiz" data-wpel-link="internal">BTC</a>. This means that MicroStrategy’s total value is just over $11 billion. MSTR’s share price is currently trading at $871, up 9.4%, and has recorded an increase of up to 230% over the last 12 months.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-320522 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/02/MSTR-coin-turk-com-.png" alt="" width="1814" height="836"></p> 
<p style="text-align: justify">The flagship cryptocurrency <strong>Bitcoin</strong>‘s price has gained 9.2% in the past three days, trading at $57,083. Largely due to the increasing institutional demand for the cryptocurrency, the value of Bitcoin could continue to rise.</p> 
<p style="text-align: justify">Benchmark’s analyses of MicroStrategy’s investment opportunities in Bitcoin and stocks, along with market trends, could serve as a guide for investors. If the Bitcoin price breaks through the $58,000 resistance and heads towards $60,000, the movement of MSTR shares will be of interest.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/microstrategys-major-bitcoin-holdings-make-headlines/" data-wpel-link="internal">MicroStrategy’s Major Bitcoin Holdings Make Headlines</a></h5>

MicroStrategy’s Major Bitcoin Holdings Make Headlines

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