MicroStrategy (NASDAQ: MSTR), the world’s largest corporate Bitcoin holder, saw a sharp decline in its share price tanking over 25% this week. This MSTR price pullback coincides with the Bitcoin (BTC) price slump in recent times. Amid its strong Bitcoin purchases, the MSTR stock has been running at three times the speed of Bitcoin. While the BTC price gained 50%, the MSTR stock price rallied by a staggering 150% until the recent correction started.
MicroStrategy Bounce Back Likely AfterBitcoin Halving?
Analyst Andrew Harte raised his price target on MSTR stock to $1,800, suggesting that the shares could potentially rise by at least another 10% from their recent trading levels. This upward revision marks a significant increase from his previous target of $780.
MicroStrategy’s stock has outpaced Wall Street’s expectations over the past month, as its shares surged alongside the remarkable rise of Bitcoin. With the company holding more than 214,000 Bitcoins as of March 18, its stock
We współpracy z: https://coingape.com/microstrategy-mstr-share-tanks-25-recovery-soon-after-bitcoin-halving/
