Bitcoin 2024 Halving Will Largely Benefit Michael Saylor's MicroStrategy, But Not So Much The Miners

Berenberg Capital Market has presented a compelling bull case for Microstrategy Inc (NASDAQ:MSTR), the Virginia-based software company helmed by Michael Saylor. What Happened: With a price target of $430 for Microstrategy, Berenberg Capital Market wrote in a research note, seen by The Block, that the company’s substantial value derived from its extensive Bitcoin holdings, which currently exceed 150,000 BTC.