Strategy's Bitcoin Premium Falls to 2021–2022 Lows as TD Cowen Holds $535 Target
Strategy's stock premium over its bitcoin holdings has compressed to levels last seen during the 2021–2022 bear market, TD Cowen analysis shows. The premium measures how much investors pay above the company's underlying bitcoin value. Despite the decline and anticipated MSCI index removal in February, TD Cowen maintained its buy rating with a $535 price target—nearly 200% above the current share price of approximately $179.