TD Cowen Predicts Bitcoin to Reach $232,000 as Strategy Accelerates BTC Accumulation

On August 19, COINOTAG reported that investment bank TD Cowen reaffirmed its optimistic target price of $680 for Strategy, projecting that by the end of 2027, the firm is expected to hold 4.3% of the entire Bitcoin supply, equating to approximately 900,000 coins. With Bitcoin currently trading over $116,000 and MSTR shares at $363, these projections suggest a potential Bitcoin price rise to $232,000. In a bid to enhance its liquidity position, Strategy has opted to relax the equity sale financing restrictions, thus permitting the issuance of common stock if its price falls below 2.5 times the value of its Bitcoin reserves. This decision has stirred discussions within the market, as analysts from TD Bank noted that these financing limits, originally established to safeguard asset value, have morphed into dynamic strategies aimed at fostering shareholder value.