MicroStrategy is positioned as a top choice for equity investors seeking bitcoin exposure, according to Canaccord's recent report. The broker has increased its price target for MicroStrategy from $173 to $300 while maintaining a buy rating. This optimism is based on recent developments such as the approval of spot exchange-traded funds (ETFs) in the U.S. and anticipated supply constraints from the recent bitcoin halving event. Analysts highlighted that since adopting a bitcoin acquisition strategy in 2020, MicroStrategy has significantly outperformed traditional equities and bitcoin itself. The company announced plans to raise funds by offering its own stock to continue purchasing bitcoin over the next three years, which Canaccord asserts could create further value in MSTR shares. Overall, Canaccord's bullish outlook is buoyed by a favorable bitcoin market, driven by increased liquidity and interest in digital assets.

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