TD Cowen Forecasts $141K Bitcoin as Strategy Expands BTC Treasury
Key Takeaways TD Cowen projects that Strategy will add 6,720 BTC to its corporate treasury following the company’s €620 million ($715 million) issuance of its first euro-denominated preferred stock, STRE. Analysts Lance Vitanza and Jonnathan Navarrete note that this marks Strategy’s entry into euro-based bitcoin-backed credit markets, opening a new funding channel for its BTC…