ChainCatcher news, according to CoinDesk, investment bank Canaccord has released a research report raising the target price for MicroStrategy (MSTR) from $173 to $300, while maintaining a "buy" rating. Analysts believe that considering the company's smart leverage strategy, MicroStrategy remains one of the best ways for stock investors to gain exposure to Bitcoin.The report points out that since adopting a Bitcoin acquisition strategy in 2020, MicroStrategy has significantly outperformed the stock market and Bitcoin. The company announced a $21 billion share issuance plan on Wednesday as part of a plan to purchase $42 billion worth of Bitcoin over the next three years.Canaccord analyst Joseph Vafi stated that MicroStrategy's leverage strategy could bring additional premiums to the company's stock price. At the same time, considering the increased market adoption following the approval of the U.S. spot ETF and the supply constraints brought by the halving event, the firm holds an optimistic view on Bitcoin's prospects. As of Friday morning, MicroStrategy's stock price rose 0.4% to $245.50.

ChainCatcher news, according to CoinDesk, a research report from Canaccord indicates that the crypto asset industry has recovered from the consolidation phase following the collapse of the FTX exchange over the past year and has returned to a growth mode.The report mentions that the launch of Bitcoin and Ethereum spot ETFs in the U.S. this year has been a positive driving force for the crypto market, promoting broader institutional adoption of digital assets.Canaccord expects that the allocation of cryptocurrencies in institutional portfolios will continue to increase. Additionally, MicroStrategy's stock price has risen by approximately 325% over the past year, outperforming most asset classes.

ChainCatcher news, according to CoinDesk, Canaccord has raised the target price for Cipher Mining from $6 to $7, while maintaining a buy rating on the stock, noting that the company's Bitcoin mining business continues to perform strongly in the field.In addition, Cipher Mining recently acquired the Reveille data center site, which has true artificial intelligence optionality.

ChainCatcher news, broker Canaccord stated in a report that Iris Energy (IREN) is expected to become one of the most efficient and largest publicly listed Bitcoin mining companies, and will launch its high-performance computing (HPC) pilot project in Childress, Texas, in the second half of this year.Canaccord raised the company's target price from $12 to $15 while maintaining a buy rating. In early trading on Wednesday, Iris Energy's stock price on Nasdaq rose 1.6% to $11.06.

ChainCatcher news, according to CoinDesk, broker Canaccord Genuity analyzed in its quarterly report that the approval of Bitcoin (BTC) and Ethereum (ETH) spot exchange-traded funds (ETFs) is encouraging. Although digital assets underperformed compared to traditional assets in the second quarter, the potential inflows from ETFs could reverse recent trends. While the inflow of Bitcoin ETFs has slowed from the peak in February, institutional adoption is still on the rise, with over 50% of large hedge funds globally currently trading/holding spot BTC ETFs. Major institutions have only just begun to disclose their holdings, and the U.S. Securities and Exchange Commission may soon approve BTC ETF options.The report adds that once Ethereum spot ETFs begin trading, they could also have a positive impact, which should help expand institutional interest in other assets, thereby benefiting the broader crypto ecosystem.

ChainCatcher news, according to CoinDesk, broker Canaccord has raised the target price for Galaxy Digital (GLXY) from CAD 17 to CAD 23, while maintaining a buy rating.Broker Canaccord Genuity stated in a research report on Monday that Galaxy Digital (GLXY) is well-positioned as its strong institutional risk exposure will benefit from the continued adoption of structural digital assets. If the AI trend continues, the company's mining assets may appreciate.

ChainCatcher news, broker Canaccord Genuity stated in a research report on Monday that it has lowered the target price for MicroStrategy from $1,810 to $1,590, while maintaining a buy rating.The report noted that the main drivers for the new target price are the continued appreciation of Bitcoin and some revaluation of the software business. Although MSTR is currently in a profitable position with its held Bitcoin, this will not trigger a sustained increase in Bitcoin prices, becoming an upward driver at the current price levels.

ChainCatcher news, according to CoinDesk, investment bank Canaccord Genuity stated in its digital asset seminar that Bitcoin ETFs are driving additional demand for the BTC spot itself, which can create a significant multiplier effect. Many retail and institutional investors will find the underlying BTC spot more attractive than ETFs, as there may be more ways to hedge and generate HODL returns as the asset class matures.Canaccord indicated that in the coming months, Bitcoin spot ETFs will be added to multiple Registered Investment Advisor (RIA) platforms and large brokerage firms, particularly sovereign wealth funds, which may have already invested in Bitcoin and are expected to see announcements from such investors in the coming months. With the new FASB accounting standards, along with ongoing inflation concerns, more companies may be encouraged to follow MicroStrategy's lead and start purchasing Bitcoin.