Bitcoin Block Reward Halving Expected to Impact MicroStrategy Shares Significantly

Berenberg Capital Markets expects the block reward halving of Bitcoin, expected to take place in the first half of 2024, to have a significant impact on the shares of MicroStrategy (MSTR), a US-based software company that has been regularly buying BTC for about three years. Bitcoin’s Block Reward Halving Could Skyrocket MicroStrategy Shares Berenberg Capital Markets fundamentally points to the approaching Bitcoin block reward halving as the basis of their significant bullish expectations for Michael Saylor’s MicroStrategy. The company, which set a bullish target of 430 dollars for Virginia-based MicroStrategy, in their research note shared that the company’s market value primarily comes from the over 150,000 BTC it holds on its balance sheet, and they expect the significant Bitcoin rally anticipated after the block reward halving to have a serious impact on the company’s shares. As known, block reward halving (halving) means the reward amount (coin/token amount) given per block […] The post Bitcoin Block Reward Halving Expected to Impact MicroStrategy Shares Significantly appeared first on COINTURK NEWS.