Investment bank TD Cowen has raised the Price Target of Strategy from $590 to $680
BlockBeats News, July 15th: Investment bank TD Cowen has raised its Strategy target price from $590 to $680 and predicted that Bitcoin is expected to reach $155,000 by December this year. Strategy is currently the publicly traded company with the largest Bitcoin holdings, with a total of 601,550 BTC after recently purchasing $472.5 million worth of Bitcoin.
The bank's baseline price prediction for Bitcoin is $128,000, with a most bearish estimate of $55,000. Strategy plans to raise $8.4 billion for further Bitcoin purchases, with expectations to hold as much as 900,000 BTC by 2027.
TD Cowen suggests that investors consider Strategy's preferred stock to gain returns and reduce volatility risks.
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