TD Cowen Dey See Bitcoin Go Hit $232K as MicroStrategy Dey Target 900K BTC by 2027
Investment bank TD Cowen don confirm their price target of $680 for MicroStrategy (MSTR), talk say by 2027 the company go hold 4.3% of total Bitcoin supply, like 900,000 BTC. As Bitcoin dey trade above $116,000 and MSTR shares dey $363, TD Cowen model mean say Bitcoin fit appreciate to $232,000. MicroStrategy also relax their equity-sale financing restrictions, allow dem to issue common stock if share price fall below 2.5 times of their Bitcoin reserve value. This strategy na to make liquidity strong and support shareholder value. Analysts talk say these flexible financing limits turn risk-management rules into active growth levers. Traders suppose dey watch MicroStrategy dey accumulate BTC and their financing strategy as e fit cause more demand for Bitcoin and make the price dey go up.
Bullish
TD Cowen dem bullish forecast and MicroStrategy dem aggressive plan for accumulate plenty BTC dey show say institution dem dey want Bitcoin well well. As dem loosen how dem dey finance equity-sale, MicroStrategy don fit get more cash to buy more BTC, wey fit reduce supply and make price go up. From before, MicroStrategy big buy dem dey always ginger market optimism and positive price movement. For short term, traders fit see heavy buying pressure for BTC and MSTR shares. For long term, if one big company continue to dey accumulate, e fit make Bitcoin market steady and confirm say e be digital gold.