🔗 Crypto & Blockchain

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.

TD Cowen research note highlighting Strategy price target cut and buy ratings on crypto treasury firms

⚡ Key Takeaways

  • TD Cowen cuts Strategy PT to $350 due to conservative Bitcoin assumptions. 𝕏
  • Buy ratings issued to Sharplink, Strive, Nakamoto, and Smarter Web for innovative treasury solutions. 𝕏
  • Signals broader shift toward diversified crypto treasury plays over pure HODL strategies. 𝕏
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Originally reported by The Block

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