Cantor Fitzgerald slashed its Strategy price target, but remains bullish on the stock despite fears over potential exclusion by the MSCI Index and forced liquidation concerns, the FT said. US-based financial firm Cantor Fitzgerald slashed its price target on Michael Saylor’s Bitcoin-heavy company, Strategy, but kept a bullish stance on the cryptocurrency’s long-term upside, downplaying fears of forced liquidation, according to the Financial Times. Cantor Fitzgerald reportedly lowered its 12-month price target on Strategy stock by 60%, adjusted to $229 from $560, according to a Thursday analyst note seen by the FT. Despite the downgrade, Cantor’s “buy” rating reportedly remains unchanged, as the bank said that fears surrounding Strategy’s forced liquidations were “not warranted,” despite receiving significant attention. Read more
Ether price action staged a repeat of its 2021 bull market moves against Bitcoin, leading to predictions of fresh long-term highs against BTC. Ether (ETH) is teasing 170% gains in under two months as history repeats itself against Bitcoin (BTC). Key points: Ether has the potential to rematch long-term highs above 0.09 in Bitcoin terms. Read more
AlphaTON exits baby-shelf limits and plans a meme-sized $420.69 million fundraising program despite being a nano-cap with a steep stock decline. Small-cap publicly traded firm AlphaTON Capital has signaled ambitions to access a substantially larger fundraising capacity as it delves deeper into the artificial intelligence and Telegram ecosystem. The company has exited the SEC’s “baby-shelf” limitations and filed a $420.69 million shelf registration, a precise figure often referenced in crypto’s meme culture. The rules limit the amount of capital that very small public companies can raise through a shelf registration. This aims to prevent tiny issuers from flooding the market with stock and heavily diluting investors. According to Google Finance data, AlphaTON capital stock, ATON, suffered significant losses in the last month. The stock dropped from $4.75 on Nov. 5 to $1.71 at the time of writing. This marked a 64% drop in a single month. Read more