TD Cowen on Thursday raised its Bitcoin CRYPTO:BTCUSD forecast to $109,000 but held its Strategy NASDAQ:MSTR target steady at $260, citing dilution risk.Why Higher Bitcoin Prices Don’t Fully Flow ThroughTD Cowen analysts Lance Vitanza and Jonnathan Navarrete wrote in a report, cited by The Block, t…
- TD Cowen raised its Bitcoin forecast to $109,000 by 2026 but maintained MicroStrategy's (MSTR) target at $260 due to dilution risks.
- Despite a higher Bitcoin price forecast, MSTR's per-share gains are impacted by its capital structure, including debt and preferred shares, and its strategy of holding cash reserves.
- MicroStrategy leads in tokenized stock value on-chain, with significant holdings in MSTR and STRC tokens, surpassing other major companies.
Topics: Asset types, Institutional adoption, Blockchain usage, Equity, Asset manager initiatives, Ethereum evm l 1 s
Tags: #bitcoin #microstrategy #tdcowen #tokenizedstock #dilutionrisk #onchainvalue #strategyinc #mstr #btcusd #sec