TD Cowen Trims Strategy Price Target as Bitcoin Yield Outlook Softens – Decrypt
In brief TD Cowen cut its Strategy price target to $440 but kept a buy rating. Strategy recently raised a further roughly $1.25 billion and used nearly all of it to buy more Bitcoin. Analysts link the strategy to broader shifts in Bitcoin’s institutional market structure. TD Cowen trimmed its price target on Michael Saylor’s...
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