TD Cowen has raised its price target on Strategy (MSTR) to $400, pointing to its strong bitcoin accumulation and shift in financing strategy.

Strategy said Monday it acquired an additional 24,869 bitcoin for approximately $2.01 billion.

Michael Saylor said the average purchase price of this latest addition to Strategy's treasure was just under $81,000 per BTC. The company now holds 843,738 bitcoin worth almost…