Market News / Story
Strategy shareholders face dilution drag despite brighter bitcoin forecasts, TD Cowen says
The Block ·
The Block reports: TD Cowen raised its bitcoin forecasts but kept its $260 price target on Strategy (MSTR) unchanged, saying dilution and the company's financial obligations will likely limit upside for its shareholders. Analysts Lance Vitanza and Jonnathan Navarrete maintained their Buy rating, arguing that higher bitcoin prices should help boost Strategy's earnings potential. However, its preferred-stock repurchases and reserve building could eat into those gains for MSTR holders.…