TD Cowen Analyst: Bitcoin Q3 Expected to Reach New Highs, Maintains "Buy" Rating on Strategy Stocks

GateNews
BTC0,87%

Foresight News reports that, according to Barron’s, TD Cowen analyst Lance Vitanza stated that although Strategy’s stock price has fallen 30% this year, the company has the capacity to withstand a deeper Bitcoin crash. Lance Vitanza maintains a “Buy” rating on Strategy with a target price of $440. He pointed out that Strategy has $2.25 billion in cash reserves, enough to cover nearly 17 months of approximately $900 million in fixed expenses, and can cover the potential redemption of $1 billion convertible bonds due September 10, 2027, with its financial position unaffected by Bitcoin price fluctuations. Additionally, TD Cowen predicts that Bitcoin prices will eventually rebound and are expected to reach a new all-time high in Q3 2026.

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

New Bitcoin ETF Launches After-Dark Strategy to Capture Overnight Market Surges

An after-dark bitcoin ETF is making a bold push to capture overnight gains, as XFUNDS by Nicholas Wealth deploys a high-stakes timing strategy in a fiercely competitive crypto investment arena. Key Takeaways: A new bitcoin ETF, NGHT, targets after-dark trading windows to isolate differentiated ov

Coinpedia12m ago

Bitcoin Depot Reports $3.7M BTC Theft in Cybersecurity Breach

Bitcoin Depot, a leading operator of crypto ATMs in the United States, disclosed a security breach that led to the theft of about 50.9 Bitcoin, valued at roughly $3.7 million at the time of reporting, after an attacker gained access to credentials tied to the company’s corporate Bitcoin

CryptoBreaking43m ago

NewsAlert: Trump Issues Iran Ultimatum – How BTC, ETH, And XRP is Reacting

Trump raised the temperature again with a fresh Iran deadline and warnings of overwhelming force. The rhetoric was extreme, and markets treated it as immediate macro risk. To be precise, widely cited reports quote Trump saying Iran could be destroyed “in one night” if no deal is reached, not

LiveBTCNews57m ago

Yesterday, U.S. spot Bitcoin ETFs saw net inflows of $240.4 million, with net inflows for two consecutive days.

Gate News message, April 11, according to Farside monitoring, yesterday (April 10) U.S. spot Bitcoin ETFs saw net inflows of $240.4 million, achieving net inflows for two consecutive trading days.

GateNews1h ago

Bitcoin Holds Gains Above $72K As Options Data Reveals Cautious Sentiment

Bitcoin (BTC) is trading near the upper end of its recent range after the latest ceasefire headlines lifted risk appetite across global markets, but the mood beneath the surface is still cautious rather than euphoric. At the time of writing, BTC was around $72,266, after trading between $70,568

BlockChainReporter1h ago

Bitdeer for the week ending April 10 mined 165 BTC and sold all of it, maintaining a zero position

Gate News message, April 11, the Nasdaq-listed Bitcoin mining company Bitdeer released the latest Bitcoin holdings data. As of the week ending April 10, Bitdeer’s Bitcoin mining output was 165 BTC, and it sold 165 BTC in the same period, resulting in a net increase of 0 BTC; it still maintains a zero Bitcoin position.

GateNews1h ago
Comment
0/400
No comments