Why these 2 billionaire-led crypto plays stand out as buys: Analyst

Yahoo Finance12-03 21:35

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Galaxy Digital has at least 16% upside from current levels to $29, based on Palmer's analysis.Although the software business remains robust, “the total contribution from the software company is $2 out of $650,” explained Palmer to Yahoo Finance executive editor Brian Sozzi on his Opening Bid podcast .“The idea is that bitcoin yield [the amount of bitcoins a company buys period-over-period divided by the company’s total diluted shares] demonstrates the amount of additional value that the company has created through its Treasur","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1244550494.USD":"FRANKLIN GLOBAL MULTI-ASSET INCOME \"A\" (USDHEDGED) ACC","LU0823414478.USD":"法巴经典能源转换基金","LU2602419157.SGD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"AC\" (SGD) ACC","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","BK4598":"佩洛西持仓","TSLA":"特斯拉","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","LU2063271972.USD":"富兰克林创新领域基金","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","BK4551":"寇图资本持仓","LU2237443549.SGD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A MIncA SGD-H","BK4595":"比特币概念","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU0964807845.USD":"ALLIANZ INCOME & GROWTH \"A\" (USD) INC","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","TGT":"塔吉特","LU1267930227.SGD":"TEMPLETON GLOBAL BALANCED \"AS\" (SGD) ACC A","LU0211328371.USD":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (MDIS) (USD)   INC","BK4592":"伊斯兰概念","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","GS":"高盛","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","BK4555":"新能源车","BK4533":"AQR资本管理(全球第二大对冲基金)","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","MSTR":"MicroStrategy","BK4155":"大卖场与超市","LU1629891620.HKD":"ALLIANZ INCOME AND GROWTH \"AMG2\" (H2-HKD) INC","IE00BJLML261.HKD":"HSBC GLOBAL EQUITY INDEX \"HCH\" (HKD) ACC","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","SG9999015945.SGD":"LionGlobal Disruptive Innovation Fund A SGD","BK4532":"文艺复兴科技持仓","BK4585":"ETF&股票定投概念","LU1548497426.USD":"安联环球人工智能AT Acc","LU1861215975.USD":"贝莱德新一代科技基金 A2","LU0056508442.USD":"贝莱德世界科技基金A2","BK4596":"哈里斯概念","LU2213496289.HKD":"ALLIANZ INCOME AND GROWTH \"AT\" (HKD) ACC","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","BK4550":"红杉资本持仓","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU0234572021.USD":"高盛美国核心股票组合Acc","BK4504":"桥水持仓","LU1244550577.SGD":"FTIF - Franklin Global Multi-Asset Income A (Mdis) SGD-H1","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","LU2237443622.USD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A Acc USD","BK4534":"瑞士信贷持仓","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD"},"translate_title":"为什么这两家亿万富翁领导的加密货币公司脱颖而出：分析师","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TSLA":1,"TGT":1,"GS":0.9,"MSTR":0.6},"content_text":"Listen and subscribe to Opening Bid on Apple Podcasts, Spotify, or wherever you find your favorite podcasts.\nWith bitcoin prices on the cusp of $100,000 amid a stunning post-election rally, the search is on for top ideas in the sector for 2025. \nThe Benchmark Company analyst Mark Palmer is sticking with two long-time favorites of the crypto bulls: Microstrategy (MSTR) and Galaxy Digital (GLXY.TO).\nPalmer sees fair value on Microstrategy at $650, about 68% upside from current levels. Galaxy Digital has at least 16% upside from current levels to $29, based on Palmer's analysis.\nMicrostrategy began as a software company by Michael Saylor, who has since morphed into a crypto loyalist with a net worth of about $9.6 billion on the back off his aggressive bitcoin buying at the company.\nAlthough the software business remains robust, “the total contribution from the software company is $2 out of $650,” explained Palmer to Yahoo Finance executive editor Brian Sozzi on his Opening Bid podcast (video above; listen below). \n\n“There are some synergies and other reasons why the software company is supportive of Microstrategy as a whole…but the math says that it is not significant when it comes to the valuation of the stock.”\nSaylor has recently made dozens of headlines for buying up and then “hoarding” bitcoin reserves, a move “I can’t compare to many other things,” said Palmer. \n“It’d be like if Target's (TGT) CEO went out and started stocking up on Tesla (TSLA) cars for some reason to buy so they had batteries.”\nAlthough “strange,” his moves over the past year are akin to oil companies with reserves, “and that they are valued not just based on the reserves, but also the likelihood that they’re going to tap those reserves over time,” said Palmer. \n“The idea is that bitcoin yield [the amount of bitcoins a company buys period-over-period divided by the company’s total diluted shares] demonstrates the amount of additional value that the company has created through its Treasury operations,\" Palmer added.\nIn a recent filing with the Securities and Exchange Commission (SEC), MicroStrategy said it spent $5.4 billion to acquire 55,000 bitcoins between Nov. 18 and Nov. 24, buying the bitcoin at an average price of $97,862.\nMicroStrategy held approximately 386,700 bitcoins, acquired for an aggregate purchase price of about $21.9 billion and an average purchase price of approximately $56,761 per bitcoin.\n\"The future is digital, right? There's a race to own cyberspace. That being the case, empires are built on productive property, and they're defended by firepower, naval power, air power, nuclear power, and digital power. Bitcoin's digital power. You want bitcoin. You want to own cyberspace... It's a good investment,\" Saylor said in August on Yahoo Finance's Market Domination. \nAt Galaxy Digital, its billionaire CEO Mike Novogratz — a former Goldman Sachs alum — has taken a page out of the investment bank's playbook, said Palmer. \nNovogratz has built “a business with a similar approach to capital markets, but focused on cryptocurrency,” he said. “This is a firm that enables trading and lending.”\nGalaxy Digital has potential to appeal to institutional investors looking for “all of the sophistication of the biggest shops on the street,” said Palmer. “As institutional investors get more involved in crypto, Galaxy Digital stands to benefit from that.”\nThe company has also caught the attention of those aiming to dabble in artificial intelligence plays as it's expanding its West Texas Helios data center.\n“Suddenly, you have a situation where bitcoin miners that have data centers that can be used to power AI and high-performance computing projects are incredibly valuable,” he said.\nThree times each week, Yahoo Finance Executive Editor Brian Sozzi fields insight-filled conversations and chats with the biggest names in business and markets on Opening Bid. You can find more episodes on our video hub or watch on your preferred streaming service.\nGrace Williams is a writer for Yahoo Finance.\nClick here for the latest crypto news, updates, and more related to ethereum and bitcoin prices, crypto ETFs, and market implications for cryptocurrencies\nRead the latest financial and business news from Yahoo Finance","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2488910587"}