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TD Cowen raises Strategys price target to $680 from $590
Odaily News Investment bank TD Cowen raised Strategys target share price from $590 to $680, and predicted that Bitcoin is expected to reach $155,000 in December this year. Strategy is currently the public company with the most Bitcoin, and its total holdings have reached 601,550 BTC after the recent purchase of Bitcoin for $472.5 million. The banks baseline forecast price for Bitcoin is $128,000, and the most pessimistic forecast is $55,000. Strategy plans to raise $84 billion for further purchases of Bitcoin and expects to hold up to 900,000 BTC by 2027. TD Cowen recommends that investors consider Strategys preferred shares to gain returns and reduce volatility risks.
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