Analysts at TD Cowen believe shares in Bitcoin-buying Strategy behemoth could jump more than 139% in the next 12 months.
In brief
TD Cowen analysts have upgraded the price targets for shares of Strategy (MSTR) to $400 per share.
The upgrade comes as Strategy continues to add Bitcoin via its preferred equity stock offering, Stretch (STRC).
Shares of MSTR are down around 1% since trading began on Tuesday, changing hands around $164.
TD Cowen Raises Strategy (MSTR) Price Target To $400 On Bitcoin Accumulation And Balance Sheet Shift
TD Cowen raises Strategy price target to $400, citing faster bitcoin accumulation and accretive deleveraging
Strategy (MSTR) Spends A Whoppin $2 Billion On Bitcoin
Strategy (MSTR) news: Company purchased more than $2 billion of BTC last week
Strategy Boosts Bitcoin Holdings With $2B Purchase
Strategy Grabs 24,869 BTC for $2.01B, Now Holds 843,738 Bitcoin Total
Strategy buys approximately 25,000 Bitcoin for $2 billion
One company now controls more than 4% of all Bitcoin
'Big dot energy': Michael Saylor's Strategy buys another 24,869 BTC for $2 billion as total holdings top 4% of bitcoin supply
Strategy buys $2B in Bitcoin, adding 20,879 BTC to holdings
