On July 22, TD Cowen, a leading investment bank, affirmed that the premium valuation for MicroStrategy’s bitcoin acquisition strategy remains justified. Following the recent addition of 6,220 BTC, each share of MSTR stock now represents a 20.8% larger bitcoin holding compared to the start of the year. TD Cowen maintained its price target of $680 for MicroStrategy shares, projecting that by 2027, the company’s bitcoin treasury will expand to nearly 900,000 BTC. This forecast underscores the sustained efficacy of MicroStrategy’s bitcoin treasury flywheel strategy, which continues to drive long-term value creation through disciplined accumulation and strategic capital deployment.
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