TD Cowen Dials Back Strategy, Eyes Four Crypto Treasury Upstarts
Bitcoin's wild ride just prompted TD Cowen to trim Strategy's price target to $350. But they're going all-in with buy ratings on four lesser-known digital asset treasury players.
Bitcoin's wild ride just prompted TD Cowen to trim Strategy's price target to $350. But they're going all-in with buy ratings on four lesser-known digital asset treasury players.
Everyone figured bitcoin treasury plays like Nakamoto were invincible after that May 2025 peak. Now? A 99% plunge and a Hail Mary reverse split to cling to Nasdaq.
TD Cowen just trimmed its price target for Bitcoin behemoth Strategy — but don't count them out on crypto treasuries. They're slapping a fresh 'buy' on Ethereum-focused Sharplink, betting staking crushes costs even in a slump.
Bitcoin corporate treasuries are no longer marching in lockstep. As BTC slips below $70K, some companies are dumping holdings at a loss while others double down—and the cracks are starting to show.
A Tokyo firm just cracked the top three corporate Bitcoin holders by loading up $405 million worth in a single quarter. Problem? The market doesn't seem impressed.