TD Cowen raised Strategy's price target to $680 from $590, predicting Bitcoin could reach $155,000 by December. Strategy, the largest corporate Bitcoin holder, owns 601,550 BTC after a recent $472.5M purchase. The bank’s base case for Bitcoin is $128,000, with a downside of $55,000. Strategy aims to raise $84B for more Bitcoin, potentially holding 900,000 BTC by 2027. TD Cowen recommends Strategy’s preferred shares for income and lower volatility.
The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
