📉 Cryptocurrency News: MicroStrategy shares are upgraded to Buy with a $990 price target as the bitcoin-buying company prepares for big gains from institutional demand and the April halving event, according to investment banker Benchmark.

- In a February 27 report, Benchmark analyst Mark Palmer wrote that MicroStrategy (MSTR) offers investors a "timely play" for the upcoming Bitcoin halving.

- The company's Bitcoin volume has grown to more than $11 billion.

- Palmer predicts that MicroStrategy shares will also support increased demand for bitcoin caused by new US bitcoin exchange traded funds (ETFs).

- From January 11 to February 26, ten US Bitcoin ETFs attracted more than $6 billion in net inflows.

- Palmer also points to the upcoming Bitcoin halving (expected on April 20) as an additional reason for predicting a rise in MicroStrategy stock prices.