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Strategy Corresponding Bitcoin Per Share Has Gained 20.8% Since the Beginning of the Year, TD Cowen Reaffirms MSTR $680 Price Target

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2025-07-22 10:31:01
TD Cowen, an investment bank, said that Strategy's premium is reasonable, and after adding another 6,220 BTC last week, one MSTR stock now corresponds to 20.8% more Bitcoin than it did on January 1. TD Cowen reiterated its $680 price target for MSTR stock and expects Strategy to hold nearly 900,000 BTC by 2027, with the flywheel strategy of the bitcoin treasury continuing to power it.
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