Investment bank TD Cowen raised Strategy's target stock price from $590 to $680.

On July 15th, investment bank TD Cowen raised Strategy's target stock price from $590.00 to $680.00 and predicted that Bitcoin is expected to reach $155,000.00 by December of this year. Strategy is currently the public company holding the most Bitcoin. Following its recent purchase of Bitcoin for $472.50 million, its total holdings have reached 601,550 BTC. The bank's benchmark forecast price for Bitcoin is $128,000.00, with the most pessimistic expectation being $55,000.00. Strategy plans to raise $84.00 billion for further Bitcoin purchases and is expected to hold up to 900,000 $BTC by 2027. TD Cowen advises investors to consider Strategy's preferred stock to obtain returns and reduce volatility risk. [BlockBeats]