Two Big Bitcoin Catalysts Could Drive MicroStrategy Stock Gains, TD Cowen Says

Bitcoin's price may soar this month and so, too, might the shares of MicroStrategy, which owns billions of dollars worth of BTC, a TD Cowen analyst said.has significant upside potential this month thanks to two big catalysts and Michael Saylor's MicroStrategy stock could surge, too, on its way toward getting"meaningfully higher" by the end of the year, TD Cowen analyst Lance Vitanza said in a note Monday.

FASB's Crypto Accounting Shakeup Could Lure More Corporate Investment, Michael Saylor and Others Argue The company’s stock, which is up 89% year-to-date, could also see meaningful upside due to two main catalysts that could drive up the price of bitcoin.

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There Are Many Bitcoin Critics Left in Finance, Despite BlackRock's Newfound LoveHelene is a New York-based reporter covering Wall Street, the rise of the spot bitcoin ETFs and crypto exchanges. She is also the co-host of CoinDesk's Markets Daily show. Helene is a graduate of New York University's business and economic reporting program and has appeared on CBS News, YahooFinance and Nasdaq TradeTalks. She holds BTC and ETH.
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