According to ChainCatcher, investment bank TD Cowen raised the target price of Strategy from $590 to $680 and predicted that BTC could reach $155,000 in December this year. Strategy is currently the listed company holding the most BTC, and after recently purchasing BTC worth $472.5 million, its total holdings have reached 601,550 BTC.
The bank's baseline prediction for BTC is $128,000, with the most pessimistic expectation at $55,000. Strategy plans to raise $84 billion to further purchase BTC, expecting to hold up to 900,000 BTC by 2027.
TD Cowen recommends that investors consider Strategy's preferred shares to gain returns and reduce volatility risk.
