TD Cowen Boosts MSTR Price Target to $400 After $2 Billion Bitcoin Buy

MSTR-0.46%
BTC0.19%
According to TD Cowen analysts, Strategy (MSTR) received an upgraded price target of $400 per share on Tuesday, representing a 139% upside from its current $164.79 trading level. The upgrade follows the company's announcement of a $2 billion Bitcoin purchase over the previous week via its preferred equity offering. TD Cowen noted that Strategy's treasury operations continue to exceed expectations, with the firm adding nearly 25,000 Bitcoin to bring its total balance to 843,738 BTC, valued at approximately $64.7 billion.
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