MicroStrategy Price Target Jumps to $680 as $BTC Eyes $155K Peak


TD Cowen raised MicroStrategy's price target from $590 to $680 per share on Monday.


The investment firm projects that $BTC could reach $155,000 by December in their upside scenario.


#MicroStrategy recently purchased another 4,225 $BTC for $472.5 million at an average price of $111,827 per coin.


The company now holds 601,550 $BTC, making it the world's largest corporate $BTC holder.


Shares traded 3% higher at $448.20 following the analyst upgrade.


TD Cowen's base case forecast puts $BTC at approximately $128,000 by December, with a downside scenario of $55,000.


MicroStrategy plans to raise $84 billion through their "42/42" plan to fund future $BTC purchases.


The firm expects the company to own close to 900,000 $BTC by the end of 2027.

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July 14, 2025 at 11:08 PM
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