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Key facts: Cantor Fitzgerald lowers MicroStrategy target; Bitcoin shares moved
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Cantor Fitzgerald cut its 12-month price target for MicroStrategy (MSTR) from $560 to $229, but keeps a 'buy' rating. The firm noted sufficient cash for 21 months of dividends.1MicroStrategy's affiliate moved 1.47 million Bitcoin shares worth about $273 million to Fidelity, sparking investor concerns over potential selloffs based on past trends.2MicroStrategy CEO Michael Saylor presented at Binance Blockchain Week in Dubai, discussing Bitcoin's institutional adoption and comparing its trading power and energy use to major firms.3
- Cantor Fitzgerald cut its 12-month price target for MicroStrategy (MSTR) from $560 to $229, but keeps a 'buy' rating. The firm noted sufficient cash for 21 months of dividends.1
- MicroStrategy's affiliate moved 1.47 million Bitcoin shares worth about $273 million to Fidelity, sparking investor concerns over potential selloffs based on past trends.2
- MicroStrategy CEO Michael Saylor presented at Binance Blockchain Week in Dubai, discussing Bitcoin's institutional adoption and comparing its trading power and energy use to major firms.3
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