TD Cowen maintains a Strategy of a $680 Price Target, predicts it will Hold 4.3% of the BTC Total Supply in 2027
BlockBeats News, August 19, Investment bank TD Cowen maintained its bullish target price of $680 for Strategy, predicting that by the end of 2027, Strategy will accumulate 4.3% of the total Bitcoin supply (i.e., 900,000 coins), and the price of Bitcoin will reach $232,000. The current trading price of MSTR is $363, with the price of Bitcoin above $116,000.
Today, Strategy announced that it has relaxed its equity sale financing restrictions, allowing the issuance of common stock when the stock price is below 2.5 times its corresponding Bitcoin holdings to provide more flexibility for Strategy to raise funds to increase its BTC holdings. This move has sparked market controversy, with analysts at TD Bank expressing that the financing restrictions were initially adopted as a defensive strategy to protect the value of reserve assets but have now evolved into an opportunistic strategy aimed at accelerating shareholder value creation.
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