{"id":71304,"date":"2026-02-06T17:46:34","date_gmt":"2026-02-06T17:46:34","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=71304"},"modified":"2026-02-06T17:46:34","modified_gmt":"2026-02-06T17:46:34","slug":"no-reasonable-scenario-forces-strategy-to-sell-bitcoin-as-440-target-stands-td-cowen","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=71304","title":{"rendered":"&#8216;No Reasonable Scenario&#8217; Forces Strategy To Sell Bitcoin As $440 Target Stands: TD Cowen"},"content":{"rendered":"<div>\n<p><strong>Strategy Inc<\/strong> <a class=\"ticker-link\" data-ticker=\"MSTR\" data-exchange=\"NASDAQ\" href=\"https:\/\/www.benzinga.com\/quote\/MSTR\" target=\"_blank\" rel=\"noopener\">(NASDAQ:<\/a><a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/MSTR\">MSTR<\/a>) shares surged 22% Friday as TD Cowen maintained its $440 price target, arguing there is \u201cno reasonable scenario\u201d forcing the company to sell <strong>Bitcoin<\/strong> <a class=\"ticker-link\" data-ticker=\"BTC\" data-exchange=\"CRYPTO\" href=\"https:\/\/www.benzinga.com\/quote\/BTC-USD\" target=\"_blank\" rel=\"noopener\">(CRYPTO: <\/a><a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>) despite trading underwater on its holdings.<\/p>\n<h3 class=\"wp-block-heading\">The Bull Case Amid Carnage<\/h3>\n<p>TD Cowen analysts <strong>Lance Vitanza<\/strong> and <strong>Jonnathan Navarrete<\/strong> said Strategy is \u201cbetter positioned than ever\u201d to <a href=\"https:\/\/www.theblock.co\/post\/388821\/strategy-is-better-positioned-than-ever-to-weather-bitcoin-crash-and-benefit-from-recovery-td-cowen-says\">participate<\/a> in a potential recovery, even as the premise looks strained amid steep declines. The company\u2019s shares are down 13.4% so far in 2026, adding to a 47.5% slump last year.<\/p>\n<p>The volatility looks intentional \u2015 analysts noted Strategy\u2019s common stock is designed to be about 1.5 times more volatile than Bitcoin.\u00a0<\/p>\n<p>\u201cIt should come as no surprise that Strategy\u2019s shares outperform Bitcoin when the price rises, and underperform when falling. This is, in fact, by design,\u201d they said.<\/p>\n<p>On solvency concerns, TD Cowen argued Strategy has the \u201cwherewithal to &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/crypto\/cryptocurrency\/26\/02\/50455191\/strategy-bitcoin-mstr-stock-price-target?utm_source=benzinga_taxonomy&amp;utm_medium=rss_feed_free&amp;utm_content=taxonomy_rss&amp;utm_campaign=channel\" alt=\"'No\" reasonable scenario forces strategy to sell bitcoin as target stands: td cowen>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Strategy Inc (NASDAQ:MSTR) shares surged 22% Friday as TD Cowen maintained its $440 price target, arguing there is \u201cno reasonable scenario\u201d forcing the company to sell Bitcoin (CRYPTO: BTC) despite trading underwater on its holdings. The Bull Case Amid Carnage TD Cowen analysts Lance Vitanza and Jonnathan Navarrete said Strategy is \u201cbetter positioned than ever\u201d [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-71304","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/71304","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=71304"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/71304\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=71304"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=71304"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=71304"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}