According to BlockBeats, on July 15th, investment bank TD Cowen raised Strategy's target stock price from $590 to $680 and predicted that Bitcoin is expected to reach $155000 in December of this year. Strategy is currently the listed company with the largest holdings of Bitcoin, with a total holdings of 601550 BTC following its recent purchase of Bitcoin for $472.5 million.
The bank's benchmark forecast price for Bitcoin is $128000, with the most pessimistic expectation being $55000. Strategy plans to raise $84 billion for further purchases of Bitcoin and expects to hold up to 900000 BTC by 2027.
TD Cowen suggests investors consider Strategy's preferred stocks to gain returns and reduce volatility risk.
