Analyst cuts 60% price target for popular Bitcoin stock

Crypto-treasury stocks have been sliding ever since JPMorgan warned that companies holding large amounts of digital assets, including MicroStrategy, could be removed from the MSCI index. Cantor Fitzgerald has slashed its price target for Michael Saylor’s MicroStrategy, that is one of the most popular Bitcoin stock. MicroStrategy is widely viewed as the most popular Bitcoin stock because the company holds more Bitcoin on its balance sheet than any other public firm over 650,000 BTC worth $60 billion. Rela ...