TD Cowen expects Strategy to purchase an additional 6,720 BTC

Research and brokerage firm TD Cowen expects Strategy to purchase an additional 6,720 BTC following its issuance of $715 million in euro-denominated perpetual preferred stock (STRE). Strategy currently holds 641,692 BTC, worth approximately $67 billion. TD Cowen also maintained its year-end price target for BTC at $141,277, with an extreme bull scenario of $160,000 and a bear scenario of $60,000.