MicroStrategy's Bitcoin Holdings Reach $13.6B, Representing Significant Chunk of Circulating Supply: Canaccord Analysis
Tuesday, 30 April 2024, 08:09
MicroStrategy's Bitcoin Holdings Reach $13.6B
MicroStrategy has significantly increased its Bitcoin holdings, now valued at $13.6 billion.
1% of Circulating Supply: Canaccord Analysis
The latest Canaccord report emphasizes that MicroStrategy's Bitcoin holdings account for about 1% of the total circulating supply.
- Broker cuts price target: The broker has reduced MicroStrategy's price target from $1,810 to $1,590.
- Maintaining buy rating: Despite the price target reduction, Canaccord maintains the buy rating on the firm.
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