The Strategy Cut

Analysts Lance Vitanza and Jonathan Navarrete attributed the revised target to a “lower bitcoin price deck” and a reduction in the valuation multiple applied to the company’s projected bitcoin gains, The Block reported on Friday.

The analysts project Strategy’s “BTC gain” at $7.87 billion for fiscal year 2026, down from $10.17 billion in 2025. Strategy holds 766,970 BTC acquired at an average price of $75,700 per BTC.

TD Cowen’s base case assumes Bitcoin reaches $140,000 by December 2026, with the company acquiring about $5 billion in Bitcoin per quarter.

The Four Buy Initiations

Strive (NASDAQ:ASST) surged 8% to $10 after receiving a $26 price target, implying…

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