TD Cowen: Maintain Strategy's' buy 'rating

2025-07-01 11:41

Odaily Planet Daily News: TD Cowen stated in a research report that despite the risks, it is reasonable for Strategy's stock price to have a premium relative to its net asset value (NAV) of Bitcoin (BTC) holdings. The institution stated that Strategy's "equity to BTC loop" model enables it to use its stock issuance revenue to purchase more Bitcoin, thereby driving higher stock prices and further Bitcoin purchases, forming a virtuous cycle. TD Cowen reiterated its' buy 'rating on Strategy and set a target price of $1625. (The Block)

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