TD Cowen Maintains Bullish Stance on Strategy (MSTR) Amid Resilient and Continued Adoption of Bitcoin Globally

Core Insights - Strategy Inc. (NASDAQ:MSTR) has gained significant interest from hedge funds, positioning it among the 12 most promising blockchain and crypto mining stocks [1] - TD Cowen maintains a bullish outlook on Strategy Inc., reiterating a "Buy" rating with a price target of $620, driven by the resilience and continued global adoption of Bitcoin [2][3] Group 1: Market Dynamics - The investment firm's positive stance is based on Bitcoin's resilience amid recent market volatility, with ongoing global adoption unaffected by price fluctuations, particularly in countries like Japan and the UK [3][4] - Bitcoin is nearing its all-time high, indicating strong long-term potential for investors, while the potential easing of Japan's ban on banks investing in digital assets reflects regulatory advancements [4] Group 2: Company Positioning - Strategy Inc. operates as a Bitcoin treasury and software intelligence company, providing investors with exposure to Bitcoin through equity and fixed-income instruments [5] - The company's strategy of acquiring Bitcoin at a faster rate than issuing equity has led to an increase in Bitcoin per diluted share, which is a positive indicator for investors [3]