TechFlow news, January 15 — According to The Block, investment bank TD Cowen has lowered its one-year price target for bitcoin reserve company Strategy (formerly MicroStrategy) from $500 to $440, citing declining bitcoin yield due to ongoing common and preferred stock issuances.
Analysts expect Strategy to acquire approximately 155,000 bitcoins by fiscal year 2026, a significant increase from the previous estimate of 90,000, but these acquisitions will be primarily funded through common and preferred equity offerings, diluting the bitcoin yield.
Despite the lowered price target, analysts remain bullish on Strategy’s value as a bitcoin investment vehicle and forecast bitcoin’s price to reach approximately $177,000 by December 2026 and around $226,000 by December 2027.
