MicroStrategy's (MSTR) strategy of holding Bitcoin has been recognized as highly effective, drawing significant attention from investors. Broker Bernstein has raised its price target for MicroStrategy's stock to $600 from $290, maintaining an outperform rating. In a similar vein, Canaccord also increased its target to $510 from $300. Early trading saw shares rise over 6%, reaching approximately $448. Bernstein forecasts that by 2033, MicroStrategy will own 4% of the global Bitcoin supply, compared to its current 1.7%. The firm attributes this growth to favorable market conditions, including supportive regulation, institutional adoption, and macroeconomic trends. Analysts from Canaccord noted a shift in valuation methodologies, suggesting traditional earnings metrics are less applicable due to the company's primary business being heavily Bitcoin-centered. Both brokers view MicroStrategy's Bitcoin acquisition strategy as a driving force for investment into cryptocurrencies.

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