TD Cowen Grows Bearish on $60 Billion Bitcoin Giant Strategy—Here's Why

TD Cowen analysts lowered their price target for Strategy shares on Wednesday, citing the volatility of the Bitcoin treasury leader's stock price and incremental shareholder dilution as key factors. The investment bank now sees Strategy’s shares hitting $500 next year, as opposed to its previous $535 per share estimate, according to a note shared with Decrypt. Strategy’s shares recently changed hands around $188, per Yahoo Finance, down about 24% over the last month. Earlier this week, Strategy signaled tha ...