Microsoft May Have Given Bitcoin Investments A Miss But A Large MSFT Stock Holder Is A Strong Crypto, Blockchain Advocate
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 06 2025
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Source: Benzinga
Microsoft's Stance on Bitcoin: Microsoft Corp. has declined to consider Bitcoin investments, disappointing cryptocurrency enthusiasts, while its major shareholder, State Street Corp., actively supports cryptocurrencies and blockchain technology.
State Street's Cryptocurrency Initiatives: State Street, managing $4.7 trillion in assets, is venturing into digital asset investing, including launching ETFs focused on digital assets and predicting a rise in demand for cryptocurrency ETFs over precious metals by 2025.
Analyst Views on SPY
Wall Street analysts forecast SPY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SPY is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 685.400
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Current: 685.400
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
