ChainCatcher reports that, according to The Block, investment bank TD Cowen has lowered the one-year target price for Bitcoin reserve company Strategy( from $500 to $440. The reason for the downgrade is the ongoing issuance of equity and preferred shares, which has led to a decline in Bitcoin yields.
Analysts expect Strategy to acquire approximately 155,000 BTC in fiscal year 2026, a significant increase from the previous estimate of 90,000 BTC. However, these acquisitions will mainly be financed through common and preferred shares, diluting Bitcoin yields.
Despite the target price reduction, analysts remain optimistic about Strategy’s value as a Bitcoin investment vehicle and forecast Bitcoin prices to reach approximately $177,000 by December 2026 and approximately $226,000 by December 2027.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
A Certain CEX 24-Hour Trading Volume Reaches $1.226 Billion, XRP, BTC, ETH Rank in Top Three
According to CoinGecko data, on March 24th, a certain CEX's trading volume reached $1.226 billion, up 32.72% from the previous day. The top five tokens by trading volume were XRP, BTC, ETH, USDT, and SUN.
GateNews16m ago
Strategy Unleashes $44.1B Stock Sales Plan to Fuel Bitcoin Buys
Key Takeaways:
Strategy recently started buying more Bitcoin in future through new ATM programs worth $44.1 billion
The plan is investing a total of $21 billion in common stock, $21 billion in STRC preferred, and $2.1 billion in STRK
An increasing number of sales agents and authorizations are
CryptoNinjas55m ago
Trump's Ultimatum to Iran Fails to Materialize, BTC Stabilizes After Breaking Below $70,000 Over the Weekend
QCP Group points out that Trump's ultimatum to Iran failed to materialize, and the market stabilized briefly. Despite BTC breaking below 70,000, its resilience has strengthened. With U.S. national debt exceeding 3.9 trillion, stagflation concerns intensify, and central banks face policy dilemmas. Iran proposed settling transit fees in yuan, and the market should monitor shifts in BTC.
GateNews1h ago
