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

Investment bank TD Cowen has raised its target stock price for Strategy from $590 to $680 and predicts that Bitcoin is likely to reach $155,000.00 by December of this year. Strategy is currently the public company holding the most Bitcoin, and after recently purchasing 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 to further purchase Bitcoin and is expected to hold up to 900,000 $BTC by 2027. TD Cowen recommends that investors consider Strategy's preferred stock to obtain returns and reduce volatility risk. [Odaily Planet Daily News]