TD Cowen defends bullish stance on Strategy with $440 price target

TD Cowen has maintained its $440 price target for shares of Bitcoin treasury play Strategy (NASDAQ: MSTR) in its newest investor note, written by analyst Lance Vitanza. The figure implies a 170% upside from the January 21 share price of $162. Strategy raised $1.25 billion in early January to acquire an additional 13,627 bitcoins. The company accelerated its accumulation strategy during the recent price dip rather than slowing down. Get the Blockspace Podcast on Apple, Spotify, or anywhere else you listen ...