TD Cowen Raises Strategy Price Target To $680, Forecasts $155K Bitcoin By Year-End

TD Cowen raised its target price for the strategy stock from $ 590 to $ 680 per share, noting the company’s deep role as Bitcoin and predicting a possible increase in BTC prices to $ 155,000 by December.

the Research report From today it sets a basic goal of $ 128,000 for Bitcoin by the end of the year, with the scenario of the negative side of $ 55,000. However, the ups of the company of $ 155,000 for Bitcoin can significantly raise the price of a strategic share. The company is The largest company holder in the world in BTCHer shares have been closely tracked with bitcoin performance.

The strategy bought 4,225 BTC today for $ 472.5 million at an average price of $ 111,827 for the currency, according to a report on July 14. This reaches its total holdings of 601,550 BTC, which is approximately $ 73 billion at topical prices of about $ 121,500.

“What started as a defensive strategy to protect the value of its reserve assets has become an opportunistic strategy aimed at accelerating the creation of the value of the shareholders,” TD COWEN analysts wrote. “The strategy intends to continue to obtain bitcoins and hold them through debt and shares revenues.”

The company expects the strategy to collect 84 billion dollars through the “42/42” plan – an equal mix of debt and fairness – to continue obtaining bitcoin, and its total property may grow to 900000 BTC by the end of 2027.

At the time of publication, the strategy shares were traded at $ 448.20, an increase of approximately 3 % a day, reflecting the investor’s enthusiasm after the upscale report.

TD Cowen also started new “purchase” classifications on the trio of the preferred stocks, highlighting “income capabilities and persuasive prices with less expected fluctuations from shared shares or basic bitcoin.”

TD Cowen first highlighted the Bitco’s Bitcoin strategy in 2023, describing it “a model”. At that time, the company noted that the strategy was using money from its software work to buy Bitcoin as a long -term step to protect from dollar inflation. They believed that Bitcoin Limited supplies made it a stronger store than FIAT or Gold, and they saw the strategy as a smart way for investors to get Bitcoin’s exposure. The updated report shows today-with the top price goal and 155,000 dollars in Bitcoin-that long-term TD Cowen’s long-term confidence has not changed.

With the acceleration of institutional adoption, strategy Bitcoin acquisition strategy It has become a model of corporate cabinet. The company’s total investment in Bitcoin of 29.27 billion dollars reflects large unveiled gains, with a cost of $ 71,268 per BTC.

The last purchase of the report and strategy came on the same day that Bitcoin reached the highest new level ever, exceeding $ 123,000-Bitcoin’s growth and accreditation.