Global Investment Bank TD Cowen recently reviewed its target price for strategy arrow (Microstrategy), MSTR, which was collected from $ 590 to $ 680 per share and rising predictions of Bitcoin (BTC), which may rise to $ 155,000 by December.
Possible 53 % decrease for Bitcoin
Study of the company outline Bitcoin’s basic status scenario at $ 128,000 by the end of the year, with more pessimistic expectations of $ 55,000, which may mean a significant decrease of 53 % of current prices.
TD COWEN analysts assert that a significant increase in bitcoin prices is expected to positively affect the price of the strategy share, given its position as the largest in the world in Bitcoin.
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On July 14, the strategy bought an additional 4,225 BTC for 472.5 million dollars, with an average of $ 111,827 per currency. This last acquisition reaches the company’s total bitcoin’s biases to 601,550 BTC.
TD COWEN analysts indicated that what began as a defensive measure to maintain the value of its assets has evolved into a pre -emptive strategy aimed at enhancing the value of shareholders.
The strategy plans to continue obtaining Bitcoin through revenue from the next debt and shares offers. The company expects the strategy to collect about 84 billion dollars through innovative 42/42 plan,, Which includes an equal mixture of debt and shares, which is likely to increase bitcoin reserves to 900,000 BTC by the end of 2027.
Strategy as a strong investment option
TD Cowen has started buying classifications on the preferred stocks of strategy, focusing on its attractive income capabilities and price estimation, which is expected to be less volatile than shared or bitcoin themselves.
This support comes after the Bitcoin strategy that the company recognizes for the first time in 2023, describing it as a “model”. At that time, they highlighted the company’s approach to using criticism from its software work to invest in Bitcoin as a long -term hedging against Dollar inflation.
Analysts believe that Bitcoin’s limited supply makes it a more reliable store than value compared to traditional currencies or gold, providing the strategy as an attractive option for investors looking to obtain Bitcoin’s exposure.
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like Institutional adoption From encrypted currencies, the strategy strategy has become a plan for other companies’ cabinets.
The company’s total investment in Bitcoin is now 29.27 billion dollars, which has achieved significantly achieved gains with a cost basis of $ 71,268 per BTC.
The latest report and purchase of the last strategy coincided with bitcoin, which is the highest new level ever, exceeding $ 123,000, confirming the increasing acceptance and BTC’s adoption in the financial scene.
However, the cryptocurrency has risen to 117,000 dollars in an attempt to find the next support level before moving to the uncontrolled lands again if the demand for investors continues to purchase.
Distinctive image from Dall-E, Chart from TradingView.com
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