TD Cowen raised its price target for Strategy's stock from $590 to $680 per share, driven by the company's increasing role as a Bitcoin proxy. A forecasted Bitcoin price surge to $155,000 could elevate Strategy's share price. Currently, Strategy holds 601,550 BTC worth around $73 billion. Analysts noted a shift from a defensive strategy to an opportunistic approach for shareholder value creation through continuous Bitcoin acquisitions. The firm aims to raise $84 billion via a balanced debt-equity plan to potentially reach 900,000 BTC by 2027.
"What started as a defensive strategy to protect the value of its reserve assets has become an opportunistic strategy intended to accelerate the creation of shareholder value."
"Strategy intends to continue acquiring and holding Bitcoins via proceeds of debt and equity offerings."
"The firm expects Strategy to raise $84 billion through its '42/42' plan-an equal mix of debt and equity-to continue acquiring Bitcoin, potentially growing its total holdings to 900,000 BTC by the end of 2027."
"TD Cowen also initiated new 'buy' ratings on Strategy's trio of preferred shares, highlighting their 'compelling income and price appreciation potential with less expected volatility than the common shares or underlying Bitcoin.'
Collection
[
|
...
]