The analysts commented: “First, we note that MSTR remains one of the best ways most equity investors can get exposure to the digital asset given its intelligent leverage strategy. We believe this setup provides the potential for additional premium to spot to re-emerge in MSTR shares. Second, we believe BTC is biased higher given recent approvals of US BTC spot ETFs coming from heavyweight asset managers and the very strong adoption there combined with the recent BTC halving that has constrained supply. We are updating our PT to $2,047. The main drivers of our new PT are continued appreciation of BTC and some revaluation up for the software business. Given MSTR’s current valuation premium to its BTC holdings, we are not assuming this to be an upside driver from current levels.”
Source: Cryptocurrency - investing.com
