PANews, July 22 news, according to The Block, TD Cowen stated that the premium of Strategy (MSTR) is reasonable. After Strategy increased its holdings by 6,220 bitcoins last week, the number of bitcoins per share of MSTR has increased by 20.8% compared to the beginning of the year. TD Cowen reiterated its target price of $680 and expects the company to hold nearly 900,000 bitcoins by 2027. The report pointed out that Strategy continues to fund bitcoin purchases through the issuance of new preferred shares 'Stretch', creating a capital flywheel effect. Analysts believe that the company continues to increase its bitcoin holdings through low-cost financing, and that the number of bitcoins per share is continuously rising. This 'intrinsic' premium is expected to last in the long term and may even expand further.
