TDCowen gives Strategy a "buy" rating and a target price of $260

On July 31, TDCowen reiterated its "buy" rating on Strategy and its target price of US$260, pointing out that returning STRC preferred shares to par value has now become a clear top priority for management. Previously, the company reported a loss of US$8.2 billion in the second quarter and had not purchased Bitcoin for five consecutive weeks while accumulating cash reserves.