TD Cowen cut its Strategy price target to $260 from $400 on a lower bitcoin forecast, while calling its new capital framework "constructive."

Strategy Inc. unveiled a Digital Credit Capital Framework with $1.25B in potential Bitcoin sales, $2B in buybacks, and a 12% STRC dividend to end its 9-day

Benchmark reiterated its Buy rating and $570 target on Strategy, citing its new active two-way capital management framework.