{"id":93601,"date":"2026-05-19T14:46:32","date_gmt":"2026-05-19T14:46:32","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=93601"},"modified":"2026-05-19T14:46:32","modified_gmt":"2026-05-19T14:46:32","slug":"mstr-dumps-6-despite-bullish-td-cowen-projection-what-is-going-on","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=93601","title":{"rendered":"MSTR Dumps 6% Despite Bullish TD Cowen Projection: What Is Going On?"},"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>) is down to $165 even as TD Cowen raised its price target to $400 from $395, citing faster <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>) accumulation and a $1.5 billion accretive repurchase of convertible notes.<\/p>\n<h3 class=\"wp-block-heading\">Strategy Already Exceeded Q2 Bitcoin Purchase Forecast<\/h3>\n<p>Strategy has already acquired more Bitcoin partway through Q2 than TD Cowen had <a href=\"https:\/\/sso.bluematrix.com\/idp\/authn?conversation=e1s1&amp;OCT=1P19-LFWM-Z37E-97ME\">modeled<\/a> for the entire quarter.\u00a0<\/p>\n<p>The firm now forecasts roughly 100,000 BTC purchased in Q2 alone, lifting full-year BTC Yield projections to 19.8% from 18.2%.<\/p>\n<p>Preferred equity issuance has dominated capital raises in Q2 with roughly $1.95 billion raised versus minimal common equity issuance.\u00a0<\/p>\n<p>Nearly all proceeds have been deployed directly into Bitcoin purchases.<\/p>\n<p>Bitcoin per 1,000 fully diluted shares reached 2.21x as of May 17, up from 1.95x at the end of 2025. TD Cowen called the trajectory a &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/crypto\/cryptocurrency\/26\/05\/52664693\/mstr-dumps-6-despite-bullish-td-cowen-projection-what-is-going-on?utm_source=benzinga_taxonomy&amp;utm_medium=rss_feed_free&amp;utm_content=taxonomy_rss&amp;utm_campaign=channel\" alt=\"MSTR\" dumps despite bullish td cowen projection: what is going on>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Strategy Inc. (NASDAQ:MSTR) is down to $165 even as TD Cowen raised its price target to $400 from $395, citing faster Bitcoin (CRYPTO: BTC) accumulation and a $1.5 billion accretive repurchase of convertible notes. Strategy Already Exceeded Q2 Bitcoin Purchase Forecast Strategy has already acquired more Bitcoin partway through Q2 than TD Cowen had modeled [&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-93601","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\/93601","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=93601"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/93601\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=93601"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=93601"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=93601"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}