TD Cowen maintains a bullish target price of $680 for Strategy, predicting that by 2027 it will hold 4.3% of the total Bitcoin supply

ChainCatcher news reports that investment bank TD Cowen maintains a bullish target price of $680 for Strategy, predicting that by the end of 2027, Strategy will accumulate 4.3% of the total Bitcoin supply (i.e., 900,000 coins), with the price of Bitcoin reaching $232,000. The current trading price of MSTR is $363, with Bitcoin prices above $116,000.

Today, Strategy announced that it has relaxed its equity sale financing restrictions, allowing the issuance of common stock when the stock price is below 2.5 times its corresponding Bitcoin holdings, providing more flexibility for Strategy to raise funds to increase BTC holdings. This move has sparked controversy in the market, and analysts at TD Securities stated that the financing restrictions were initially a defensive strategy to protect the value of reserve assets, but have now evolved into an opportunistic strategy aimed at accelerating shareholder value creation.