Analyst: BTC reaching $150,000 by the end of 2025 will increase MicroStrategy's stock price by approximately 60%

Benchmark financial technology analyst Mark Palmer estimates that if BTC reaches $150,000 by the end of 2025, the price of MicroStrategy (MSTR) will reach $2,150 per share (or $215 per share after MSTR's 10-for-1 stock split on August 9). As of August 2024, the trading price of this stock is about $132. This means that Palmer predicts a 300% increase in the spot price of BTC would only cause an approximately 60% rise in MSTR's stock price.