According to TD Cowen analysts Lance Vitanza and Jonnathan Navarrete, the firm raised its price target on Strategy (MSTR) to $395 from $385 on Thursday, citing the company’s shift toward STRC perpetual preferred issuance as more capital-efficient for bitcoin accumulation. The revision implies upside of more than 110% from Strategy’s closing price of $186.82 on Wednesday.
TD Cowen also revised BTC Yield estimates upward to 18.2% for fiscal 2026 from 16.7%, and to 9.6% for fiscal 2027 from 5.4%. Estimated BTC dollar gains for 2026 rose to $13.9 billion from $12.7 billion. Strategy raised more than $5 billion through STRC year to date, according to the note.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Hyperscale Data Announces Purchase of 2,000 Ounces of Gold, Holds 680.96 BTC
According to Odaily, Nasdaq-listed bitcoin treasury company Hyperscale Data announced an expansion of its digital assets and precious metals reserve strategy, including the purchase of 2,000 ounces of gold. The company currently holds 680.9595 Bitcoin and 10,000 ounces of silver, with plans to
GateNews11m ago
Analyst Garrett Jin Warns of Hidden Risks as Bitcoin Approaches $82,000-$83,000
According to Odaily, analyst Garrett Jin published an analysis warning that despite market stability and Bitcoin approaching the $82,000-$83,000 range, underlying risks continue to accumulate. Jin flagged signs of stress including depleted corporate liquidity, airline bankruptcies, banks
GateNews1h ago
John Bollinger Allocates Entire Tactica Fund to Bitcoin as BTC Breaks $82,000
According to John Bollinger, the legendary analyst and inventor of Bollinger Bands, his Bitcoin trend model turned positive yesterday (May 6), and he has allocated his entire Tactica crypto fund to Bitcoin with no cash reserves. Bitcoin surged above $82,000, marking a new high in several months,
GateNews2h ago
American Bitcoin Reports $81.8M Q1 Loss Amid Record 817 BTC Mining Production
According to its SEC filing on Wednesday, American Bitcoin (ABTC), the bitcoin mining firm co-founded by Eric Trump, reported an $81.8 million net loss in Q1 2026, compared with a $59.5 million loss in Q4 2025. Mining revenue fell to $62.1 million from $78.3 million previously, while a $117.2 millio
GateNews2h ago
Bitcoin Fails to Break 200-Day Moving Average, Retreats Below $81,000 on Wednesday
According to ChainCatcher, on Wednesday (May 6), Bitcoin failed to break above its 200-day simple moving average at approximately $83,300 and retreated below $81,000. Meanwhile, the broader crypto market weakened, with CoinDesk's smart contract platform index declining over 2% in the past 24 hours,
GateNews2h ago
