Investment bank TD Cowen has sharply lowered its price target for Bitcoin treasury giant Strategy, cutting its forecast from $535 to $500 per share. The downgrade reflects mounting concerns over shareholder dilution and stock price volatility, as Strategy’s shares trade near a 13-month low despite a recent $1.44 billion capital raise to bolster its cash reserves. This move underscores the complex pressures facing the company as its traditional method of funding its massive Bitcoin holdings becomes less effective.
about TD Cowen Cuts Strategy Price Target to $500 Amid Bitcoin VolatilityMark Palmer
0 posts last weekBenchmark Defends Strategy’s Bitcoin Treasury Amid Stock Slump
As Strategy’s stock plunges 43% year-to-date, mirroring Bitcoin’s retreat from its October highs, skepticism has mounted over the viability of the company’s massive crypto treasury. Investment bank Benchmark has forcefully pushed back against these doubts, arguing that critics misunderstand the firm’s financial architecture and that its shares represent a unique, asymmetric bet on Bitcoin’s future. The analysts dismissed fears of a forced sell-off, setting a stark threshold for financial distress while reiterating a bullish $705 price target predicated on Bitcoin reaching $225,000 by late 2026.
about Benchmark Defends Strategy's Bitcoin Treasury Amid Stock SlumpCrypto Stocks Plunge Amid Macroeconomic Uncertainty
Crypto-related stocks suffered dramatic losses as macroeconomic headwinds overwhelmed positive company-specific news, with Robinhood shares dropping over 9% just one day after reporting strong Q3 earnings. Bitcoin fell below $101,000 before a partial recovery, while major crypto stocks including Coinbase and Galaxy Digital tumbled amid the worst government shutdown in U.S. history and deteriorating economic indicators that have sapped investor confidence in risk-on assets.
about Crypto Stocks Plunge Amid Macroeconomic UncertaintyBenchmark Raises Canaan Price Target to $4 on Mining Demand
Investment bank Benchmark has dramatically increased its price target for Bitcoin mining hardware manufacturer Canaan to $4 per share, representing a potential 118% upside from current levels. The bullish upgrade follows Canaan’s successful navigation of Nasdaq listing requirements and its largest equipment order in three years, signaling renewed confidence in the company’s turnaround story despite broader cryptocurrency market volatility.
about Benchmark Raises Canaan Price Target to $4 on Mining DemandBakkt Stock Soars 17% as Benchmark Triples Price Target to $40
Bakkt Holdings stock surged 17% on Tuesday after Benchmark Company more than tripled its price target to $40, validating CEO Akshay Naheta’s strategic repositioning of the digital asset platform. The investment bank highlighted significant growth potential across Bakkt’s core crypto businesses, calling the stock’s recent 170% rally over two weeks a clear endorsement of the company’s new direction under Naheta’s leadership since August.
about Bakkt Stock Soars 17% as Benchmark Triples Price Target to $40Bakkt Stock Soars 40% as Crypto Veteran Joins Board
Bakkt Holdings saw its share price surge more than 40% on Monday following the announcement that crypto industry veteran Michael Alfred is joining its board of directors. The appointment signals Bakkt’s intensified focus on digital asset infrastructure as the company undergoes significant restructuring. Alfred brings substantial credibility from his track record at Digital Assets Data and investments in prominent crypto firms.
about Bakkt Stock Soars 40% as Crypto Veteran Joins BoardCoinbase Pushes for BSA Modernization with Zero-Knowledge Proofs
Coinbase has called on US lawmakers to update the Bank Secrecy Act (BSA) by incorporating Zero-Knowledge Proofs (ZKPs) into financial compliance frameworks. Chief Legal Officer Paul Grewal highlighted that ZKPs could improve transparency while protecting user privacy, addressing vulnerabilities in the current KYC system. He explained that ZKPs allow verification of identity or sanctions status without exposing sensitive data, with law enforcement still able to subpoena details if needed. Separately, analysts view Coinbase’s recent stock decline as a strategic entry point, citing its USDC partnership, institutional growth, and plans for a ‘super app’ integrating DeFi and NFTs. Benchmark maintains a ‘Buy’ rating with a $421 target.
about Coinbase Pushes for BSA Modernization with Zero-Knowledge ProofsMSTR’s $705 Price Target as Bitcoin Eyes $225K by 2026
Benchmark analyst Mark Palmer increased MSTR’s price target to $705, based on a bullish Bitcoin projection of $225,000 by 2026. MSTR reported $10 billion in Q2 net income, primarily from unrealized gains on its $71 billion Bitcoin holdings. CEO Phong Le aims to grow the company’s treasury beyond tech giants like Microsoft and Amazon, eventually surpassing Berkshire Hathaway’s $410 billion. MSTR is transitioning from convertible debt to preferred stock for funding and will only issue equity when trading at a premium to asset value. Despite Bitcoin’s recent 3.1% drop to $114,950, Palmer highlights MSTR’s strategic shift toward a Bitcoin-denominated treasury machine.
about MSTR's $705 Price Target as Bitcoin Eyes $225K by 2026Strategy’s $14B Bitcoin Gains Set Record Profits
Strategy, co-founded by Michael Saylor, is set to post record profits of $14 billion from its Bitcoin holdings, driven by the cryptocurrency’s price surge and new accounting rules allowing market-rate valuation. Despite criticism from investors like Jim Chanos, the firm’s stock has soared over 3,300% since its Bitcoin accumulation began, far outpacing Bitcoin’s 1,000% rise and the S&P 500’s 115% gain. The company now holds nearly 600,000 BTC, valued at $64 billion, but faces legal challenges over alleged shareholder misinformation. Bitcoin’s recent dip to $106,100 hasn’t overshadowed Strategy’s staggering unrealized gains.
about Strategy's $14B Bitcoin Gains Set Record ProfitsMastercard Adopts Fiserv Stablecoin for Global Payments
Mastercard is embracing the future of payments by integrating Fiserv’s FIUSD stablecoin into its services, enabling over 150 million merchants to use the dollar-pegged token. The partnership aims to create a seamless transition between fiat and stablecoin payments while exploring global settlement options. Mastercard will also incorporate FIUSD into its Multi-Token Network and issue stablecoin-powered cards, building on recent collaborations with MoonPay, OKX, and Circle. The announcement follows Circle’s blockbuster IPO, which saw its stock surge 700% above its initial price, and comes amid legislative progress on the GENIUS Act, which could establish federal stablecoin rules. Meanwhile, Coinbase is expanding its payments footprint through partnerships like its recent Shopify integration.
about Mastercard Adopts Fiserv Stablecoin for Global Payments