WE-LaunchEach Strategy Share is now up 20.8% against Bitcoin since the beginning of the year, with TD Cowen restating a $680 target price for MSTR.
BlockBeats News, July 22nd: Investment bank TD Cowen stated that a Strategy premium is justified. After increasing its BTC holdings by another 6,220 coins last week, a share of MSTR stock now represents 20.8% more Bitcoin than it did on January 1st. TD Cowen reaffirmed a $680 target price for MSTR stock and expects that by 2027, Strategy will hold nearly 900,000 BTC. The Bitcoin treasury's flywheel strategy will continue to drive its momentum.
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