TD Cowen, the firm with a penchant for bold forecasts, has once again raised the bar, this time setting its sights on the enigmatic world of Bitcoin. The price target for the stock has been bumped to $680, a significant leap from the previous $590, as Bitcoin soared to a new all-time high, breaching the $120,000 mark. 📈
The bank’s latest forecast is nothing short of a manifesto for the crypto faithful, outlining a bullish path for Bitcoin that projects a base-case target of $128,000 and an optimistic scenario reaching a staggering $155,000 by the end of 2025. Even the downside view, landing at $55,000, is a testament to the volatile and unpredictable nature of this digital asset. 🌪️
Strategy, the company at the heart of this crypto revolution, has not wavered in its conviction. In a move that could only be described as audacious, the company added another 4,225 BTC for a cool $472.5 million, pushing its total holdings to over 601,000 BTC, acquired at an average price of $111,827. TD Cowen sees this shift from balance-sheet preservation to value generation through Bitcoin as nothing short of a transformative evolution. 🌱
The firm’s “42/42 plan” is a grand vision, aiming to raise $84 billion through a mix of debt and equity to fund future acquisitions of up to 900,000 BTC by 2027. If achieved, this goal would cement Strategy’s place as one of the largest single holders of Bitcoin in the world. 🏆
Cowen’s note is a clarion call to shareholders, underscoring that this bold approach could unlock immense value if Bitcoin reaches its expected milestones. Whether this is a prophecy or a pipe dream remains to be seen, but one thing is certain: the ride is far from over. 🚀
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2025-07-15 16:54