TD Cowen Analyst: Bitcoin Q3 Expected to Reach New Highs, Maintains "Buy" Rating on Strategy Stocks

BTC0,86%

Foresight News reports that, according to Barron’s, TD Cowen analyst Lance Vitanza stated that although Strategy’s stock price has fallen 30% this year, the company has the capacity to withstand a deeper Bitcoin crash. Lance Vitanza maintains a “Buy” rating on Strategy with a target price of $440. He pointed out that Strategy has $2.25 billion in cash reserves, enough to cover nearly 17 months of approximately $900 million in fixed expenses, and can cover the potential redemption of $1 billion convertible bonds due September 10, 2027, with its financial position unaffected by Bitcoin price fluctuations. Additionally, TD Cowen predicts that Bitcoin prices will eventually rebound and are expected to reach a new all-time high in Q3 2026.

View Original
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

Crypto ETFs Struggle Again: Bitcoin Loses $90 Million, Ether $136 Million

Crypto ETFs remained under pressure on Thursday, with bitcoin and ether posting another round of outflows. Solana offered a rare bright spot, while XRP activity stayed flat. Solana Bucks Trend as Bitcoin, Ether ETFs See Fresh Outflows The mood around crypto ETFs remains cautious. Another day, a

Coinpedia1h ago

BTC rises 0.52% in 15 minutes: Major capital net inflows to exchanges and multiple market resonance driving the move

2026-03-20 21:15 to 21:30 (UTC), BTC recorded +0.52% return in 15 minutes, with a price range of 70124.0 to 70586.6 USDT, and amplitude of 0.66%. This round of volatility occurred against a backdrop of increased market attention and heightened fluctuations, with both on-chain and market participants showing highly active behavior. The main driver of this volatility was whale funds (entities holding >=1,000 BTC) making a net inflow of 4,091.39 BTC to exchanges within 24 hours, data significantly exceeding the average for the same period. Concentrated net inflows

GateNews2h ago

Bitcoin Has Stabilized, But Investors Are Paying Up for Downside Protection: VanEck

Bitcoin's volatility has decreased to around $70,000, but traders are still heavily investing in downside protection. Although premiums for puts have dropped, they remain high historically, suggesting caution among investors. This defensiveness may signal an impending price bottom, as similar market conditions in the past have led to recoveries.

Decrypt3h ago
Comment
0/400
No comments