On July 15, investment bank TD Cowen raised the target stock price for Strategy from $590 to $680 and predicted that Bitcoin could reach $155,000 by December this year. Strategy currently holds the most Bitcoin among publicly traded companies, and after recently acquiring $472.5 million in Bitcoin, its total holdings have reached 601,550 BTC. The bank’s benchmark price prediction for Bitcoin is $128,000, with the most pessimistic expectation being $55,000. Strategy plans to raise $84 billion for further Bitcoin purchases, expecting to hold up to 900,000 BTC by 2027. TD Cowen recommends that investors consider Strategy’s preferred shares for income and to reduce fluctuation risk.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Investment bank TD Cowen raised the target stock price of Strategy from $590 to $680.
On July 15, investment bank TD Cowen raised the target stock price for Strategy from $590 to $680 and predicted that Bitcoin could reach $155,000 by December this year. Strategy currently holds the most Bitcoin among publicly traded companies, and after recently acquiring $472.5 million in Bitcoin, its total holdings have reached 601,550 BTC. The bank’s benchmark price prediction for Bitcoin is $128,000, with the most pessimistic expectation being $55,000. Strategy plans to raise $84 billion for further Bitcoin purchases, expecting to hold up to 900,000 BTC by 2027. TD Cowen recommends that investors consider Strategy’s preferred shares for income and to reduce fluctuation risk.