ChainCatcher reports that, according to The Block, investment bank TD Cowen has lowered the one-year target price for Bitcoin reserve company Strategy( from $500 to $440. The reason for the downgrade is the ongoing issuance of equity and preferred shares, which has led to a decline in Bitcoin yields.
Analysts expect Strategy to acquire approximately 155,000 BTC in fiscal year 2026, a significant increase from the previous estimate of 90,000 BTC. However, these acquisitions will mainly be financed through common and preferred shares, diluting Bitcoin yields.
Despite the target price reduction, analysts remain optimistic about Strategy’s value as a Bitcoin investment vehicle and forecast Bitcoin prices to reach approximately $177,000 by December 2026 and approximately $226,000 by December 2027.
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
Hong Kong will include tokenized bonds in the standard financial settlement framework, and will promote a comprehensive crypto regulatory regime
The Hong Kong government plans to include tokenized bonds in the regulated financial system in the 2026–2027 fiscal budget, build a digital asset platform, and drive Hong Kong to become a digital finance hub. The Monetary Authority is planning to issue stablecoin licenses and establish a strict regulatory framework, while also facing multiple challenges that require resolving blockchain interoperability and legal alignment issues.
ChainNewsAbmedia2m ago
Ran Neuner Questions Bitcoin’s Identity, Crypto Narrative Shifts
Bitcoin’s purpose and value proposition are once again under the microscope as veteran crypto commentator Ran Neuner weighs the asset’s enduring narrative. In a recent Cointelegraph interview, Neuner candidly questions Bitcoin’s core identity, admitting he struggles to articulate a clear reason
CryptoBreaking36m ago
Bitcoin ETF Assets Fall to $84.8B as Institutional Outflows Weigh on Crypto Funds
_Institutional outflows and macro uncertainty drove ETF declines, with Bitcoin holding a stronger positioning than Ethereum._
Bitcoin spot exchange-traded funds reversed a recent upswing as investors pulled $296 million in net outflows for the week ending March 27, according to SoSoValue data.
LiveBTCNews50m ago
Senators Reveal 'Mined in America' Bill to Boost Bitcoin Mining, Support Trump's Reserve
In brief
U.S. Sens. Bill Cassidy (R-LA) and Cynthia Lummis (R-WY) introduced legislation on Monday to support Bitcoin miners.
The U.S. Commerce Department would be able to certify that entities are “Mined in America,” giving them access to government support.
The initiative is aimed at
Decrypt55m ago
