Bernstein initiated coverage of the Tysons Corner, Virginia-based company with a $2,890 price target. The shares closed at around $1,484 on Thursday. The Nasdaq-listed firm currently holds 214,400 bitcoin. It began buying the cryptocurrency in 2020, adopting it as a reserve asset.

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• Source: https://www.coindesk.com/markets/2024/06/14/bitcoin-could-hit-1m-within-10-years-bernstein-says-as-it-initiates-coverage-of-microstrategy/?utm_medium=referral&utm_source=rss&utm_campaign=headlines