Summary
- TD Cowen projected that Bitcoin would reach $155,000 by December.
- Accordingly, TD Cowen announced that it had raised Strategy's target stock price from $590 to $680.
- Currently, Strategy holds about 600,000 BTC and aims to secure 900,000 BTC by 2027.
According to The Block, a cryptocurrency-focused media outlet, on the 14th (local time), the American investment bank TD Cowen projected that Bitcoin (BTC) would reach $155,000 by this coming December.
Accordingly, TD Cowen raised its target stock price for Strategy, a company holding a large amount of Bitcoin, from $590 to $680.
Currently, Strategy holds about 600,000 BTC and aims to secure 900,000 BTC by 2027.
Meanwhile, as of 4:42 AM on the 15th, Bitcoin is trading at $119,760.01 on the Binance Tether (USDT) market, up 0.54% from the previous day.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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