3 Stocks Poised to Benefit From a Spot Bitcoin ETF Approval

price spiked sharply mid-Monday, readying to break the $30k resistance. However, soon after having reached $29.4k, gains were lost. The spike’s culprit was unsubstantiated Cointelegraph reporting on X that BlackRock’s iShares Bitcoin ETF has received approval from the SEC.

This makes MSTR one of the most giant Bitcoin whales and influential market makers, whether for the upside or the downside. As a business intelligence company, MicroStrategy reported $120.4 million in revenue in Q2 2023, most from software licenses and subscription services. Both received year-over-year growth, at 4% and 42%, respectively.

Given the near inevitability of a Bitcoin ETF approval and the market’s reaction, MicroStrategy’s big bet will likely materialize. Year-to-date, MSTR investors could have gained more than merely holding BTC, gaining a 125% upper hand over Bitcoin’s 70%. Nasdaq gives MSTR a “strong buy” recommendation with an average price target of $433.25 and a low estimate of $210 against $324.32 at press time.has done much to turn away customers.

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว

Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้

Trading Stocks Loses Its Thrill: ‘I Would Get Burned’Individual investors are dialing back on risks across markets
แหล่ง: WSJ - 🏆 98. / 63 อ่านเพิ่มเติม »

Top Wall Street analysts believe in the long-term potential of these stocksTipRanks’ analyst ranking service pinpoints Wall Street’s best-performing stocks, including Amazon and Meta.
แหล่ง: NBCLA - 🏆 319. / 59 อ่านเพิ่มเติม »

Top Wall Street analysts believe in the long-term potential of these stocksTipRanks’ analyst ranking service pinpoints Wall Street’s best-performing stocks, including Amazon and Meta.
แหล่ง: NBCDFW - 🏆 288. / 63 อ่านเพิ่มเติม »

Top Wall Street analysts believe in the long-term potential of these stocksTipRanks’ analyst ranking service pinpoints Wall Street’s best-performing stocks, including Amazon and Meta.
แหล่ง: NBCLA - 🏆 319. / 59 อ่านเพิ่มเติม »

Tesla, Goldman, Netflix, Lockheed, TSMC, and More Stocks to Watch This WeekThird-quarter earnings season picks up this week with reports from Morgan Stanley, Bank of America, Tesla, Goldman Sachs, Netflix, TSMC, Johnson & Johnson,...
แหล่ง: MarketWatch - 🏆 3. / 97 อ่านเพิ่มเติม »

Stocks Are Poised to Rise MondayThis week includes earnings reports from Tesla, Netflix, and Goldman Sachs.
แหล่ง: MarketWatch - 🏆 3. / 97 อ่านเพิ่มเติม »