MicroStrategy buys 12,000 Bitcoin using $800M raised from convertible note offering

The underperformance of Bitcoin mining stocks is a 'compelling buying opportunity' - analyst

On Tuesday, analysts at H.C. Wainwright released a note providing their views on the Bitcoin (BTC) mining industry, noting a significant increase in the collective operating hash rate among publicly traded BTC miners for February. The hash rate rose by 8% month-over-month to 125.7 EH/s, representing 22% of the total network hash rate at month-end, up from 21% in January, said the firm. Despite this increase, there was a 12% month-over-month decline in total BTC production, with miners producing 5,175 BTC compared to 5,848 BTC in January.

The decrease in BTC production was attributed to a 52% month-over-month drop in transaction fees and a 9%... More

Bernstein increasingly convinced Bitcoin price is heading towards $150,000

Bernstein sees Bitcoin's price hitting $150,000. In a note to clients this week, the firm told investors to buy Bitcoin miners as the recent underperformance "is probably the last window before halving."

As the cryptocurrency continues to rally, currently trading above the $72,000 mark, the firm recalled the words of Satoshi Nakamoto, who told another forum member debating Bitcoin in 2010, "If you don't get it, I don't have the time to try to convince you."

According to Bernstein analyst Gautam Chhugani,... More

Bernstein on Bitcoin: 'We are now more convinced about our $150K price for Bitcoin'

Bernstein on Bitcoin: ' We are now more convinced about our $150K price for Bitcoin'

The analyst comments "We are now more convinced about our $150K price for Bitcoin: Bitcoin today is at $71K, we expected this to break out post halving. We built Bitcoin institutional flows in our... More