MicroStrategy, the software company founded by Michael Saylor, is considered one of the best ways for equity investors to gain exposure to Bitcoin, according to a research report by Canaccord. The broker raised its price target for MicroStrategy to $300 and maintained its buy rating. Canaccord is optimistic about Bitcoin's outlook, citing the approval of ETFs for the cryptocurrency in the U.S. and the supply constraints caused by the halving event as factors that will drive its price higher. MicroStrategy recently announced a plan to raise money to buy more Bitcoin through a stock offering.



Other News from Today