TD Cowen raises Strategy price target to $395 on shift toward STRC issuance and improved BTC Yield outlook

BTC

BTC/USDT

$83,572.65

-0.85%

$83,572.65

-0.85%

(24s)

24h Volume

$21,680,499,662.46

24h H/L

$85,255.00 / $83,183.00

Change: $2,072.00 (2.49%)

Long/Short

58.1%

Long: 58.1%Short: 41.9%

Funding Rate

+0.0010%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$84,016.00

▼ -0.47%

Volume (24h): -

Resistance Levels

Resistance 3$87,382.84

Resistance 2$85,606.33

Resistance 1$84,048.83

Price$84,016.00

Support 1$83,209.30

Support 2$77,001.87

Support 3$75,259.66

Pivot (PP):$84,075.87

Trend:Uptrend

RSI (14):64.0

The Block Editorial

(12:37 PM UTC)

1 min read

Updated byMichael Roberts

0 comments

TD Cowen raised its price target on Strategy (MSTR) to $395 from $385 on Thursday, arguing the company's increased use of STRC perpetual preferred issuance makes its bitcoin accumulation strategy more capital-efficient than the market currently appreciates.

The revision — by analysts Lance Vitanza and Jonnathan Navarrete — carries an implied upside of more than 110% from Strategy's closing price…