Summary
- TD Cowen said that Strategy's stock has up to 170% upside potential.
- The analysis said Strategy is still undervalued based on market capitalization relative to held BTC (mNAV).
- It also forecast that institutional demand would remain strong due to possible inclusion in the S&P500 and improvements in the U.S. regulatory environment.
TD Cowen analyzed that despite Bitcoin (BTC) recently falling, Strategy's stock has up to 170% upside potential.
On the 17th (local time), according to crypto-focused media The Block, TD Cowen judged that Strategy remains undervalued based on its market capitalization relative to held BTC (mNAV). It also forecast that institutional demand would remain strong due to possible inclusion in the S&P500 and improvements in the U.S. regulatory environment.
Additionally, TD Cowen expected that Strategy would hold about 815,000 BTC by 2027.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
!['Easy money is over' as Trump pick triggers turmoil…Bitcoin tumbles too [Bin Nansa’s Wall Street, No Gaps]](https://media.bloomingbit.io/PROD/news/c5552397-3200-4794-a27b-2fabde64d4e2.webp?w=250)
![[Market] Bitcoin falls below $82,000...$320 million liquidated over the past hour](https://media.bloomingbit.io/PROD/news/93660260-0bc7-402a-bf2a-b4a42b9388aa.webp?w=250)