TD Cowen Maintains Buy Rating on Strategy, Sets $400 Price Target
JOON HYOUNG LEE
Summary
- TD Cowen maintained its buy rating on Strategy, the world’s largest corporate holder of Bitcoin (BTC).
- TD Cowen set Strategy’s price target at $400, while the stock is currently trading around $136.
- Strategy sold 32 Bitcoin last week at an average price of $77,135, generating about $2.5 million in proceeds.
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TD Cowen has maintained its buy rating on Strategy, the world’s largest corporate holder of Bitcoin, and set a $400 price target on the stock.
Odaily reported on June 3 that TD Cowen recently reiterated its buy rating on Strategy and kept its price target at $400. The stock is currently trading around $136.
Strategy sold 32 Bitcoin last week at an average price of $77,135, for total proceeds of about $2.5 million.
The sale marked the company’s first Bitcoin sale since late 2022, ending a three-and-a-half-year gap.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
