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

BTC

BTC/USDT

$80,023.80

+2.01%

$80,023.80

+2.01%

(24s)

24h Volume

$21,063,543,627.41

24h H/L

$80,848.74 / $78,200.00

Change: $2,648.74 (3.39%)

Long/Short

50.4%

Long: 50.4%Short: 49.6%

Funding Rate

+0.0014%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$80,234.61

▲ 1.53%

Volume (24h): -

Resistance Levels

Resistance 3$87,657.12

Resistance 2$83,209.67

Resistance 1$81,267.88

Price$80,234.61

Support 1$78,600.44

Support 2$75,689.29

Support 3$73,025.15

Pivot (PP):$78,635.98

Trend:Uptrend

RSI (14):82.0

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…