KBW Starts Strategy Coverage With Outperform, Says Firm Offers Leveraged Bitcoin Exposure

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CoinDesk 11h ago

KBW Starts Strategy Coverage With Outperform, Says Firm Offers Leveraged Bitcoin Exposure - CoinDesk

Quick Summary:

The stock could be eligible for S&P 500 index inclusion once it adopts updated FASB accounting standards, the report said.

The development of applications on top of the Bitcoin network could result in a massive value unlock, as it is the most secure, decentralized and valuable public blockchain, the report added.

The shares were 1% higher at around $329 in early trading.