TD Cowen maintains a bullish price target of $680 for Strategy, predicting that by the end of 2027, Strategy will accumulate 4.3% of the total bitcoin supply, or 900,000 coins, and the price of bitcoin will reach $232,000. The current MSTR is trading at $363, with bitcoin prices above $116,000.
Today, Strategy announced that it has relaxed its equity sale financing restrictions, allowing the issuance of common shares when the share price is less than 2.5 times its corresponding bitcoin holdings, providing Strategy with more flexibility to raise funds to increase its BTC holdings. The move has sparked controversy in the market, and TD Bank analysts have said that the financing restrictions were originally a defensive strategy to protect the value of reserve assets, but have now evolved into an opportunistic strategy aimed at accelerating the creation of shareholder value.
TD Cowen maintains Strategy's $680 bullish price target, predicts it will hold 4.3% of total BTC supply in 2027.
2025-08-19 00:53:55
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