Bitcoin Giant Strategy Gets Price Target Boost From TD Cowen After $2 Billion BTC Buy
TD Cowen analysts project shares of Bitcoin treasury firm Strategy (MSTR) could rise 139% to $400 in the next year, raising their target by $5 following Strategy’s $2 billion Bitcoin purchase last week. Strategy’s aggressive Bitcoin accumulation and effective use of financial capital—primarily through preferred equity rather than common shares—have outpaced expectations. The company recently issued roughly $1.95 billion in preferred equity, using most proceeds to buy Bitcoin, boosting BTC per share despite dilution. Strategy now holds about 843,738 BTC valued near $64.7 billion and retired $1.5 billion in convertible debt, which analysts see as enhancing financial flexibility. TD Cowen expects ongoing access to capital markets to support further Bitcoin accumulation. Similarly, peer firm Strive Asset Management (ASST) received a price target hike to $30 (94% upside) following their shift to a dividend-paying preferred equity product and debt elimination.
