Strategy's price target boost 🚀

Analysts at TD Cowen reckon that shares in the Bitcoin treasury firm could soar by more than 139% over the next year.

Author

Stephen Graves
May 19, 2026

📝 What you need to know

Analysts at TD Cowen have upgraded their price target for shares in Bitcoin treasury firm Strategy (MSTR) to $400 per share, a jump of 139% from their current price. That’s also up $5 per share from the analysts’ previous price target, and comes a day after Strategy scooped up another $2 billion in BTC for its coffers.

Strategy’s Bitcoin treasury operations “continue to exceed expectations,” the analysts wrote, thanks to its preferred equity issuance of Stretch (STRC) which “continues to drive growth in BTC per share despite rising dilution.”

Bitcoin Giant Strategy Gets Price Target Boost From TD Cowen After $2 Billion BTC Buy

Analysts at TD Cowen believe shares in Bitcoin-buying Strategy behemoth could jump more than 139% in the next 12 months.

From our partner

Don’t miss out! Download the Figure Markets app and earn $50 when you deposit $500! Explore their RWA pools on Democratized Prime to earn up to 9% Yield, or take out a Crypto Backed Loan to double down on BTC, ETH, SOL at 8.91% interest rates.

📰 In the News

Bitcoin ETFs Shed $649M in a Day as Long-Term BTC Holders ‘Limit Downside Potential’

U.S. spot Bitcoin ETFs posted $648 million outflows Monday as long-term BTC holders continue to accumulate the cryptocurrency.

Bitcoin DeFi Platform Echo Protocol Hit By $76M Monad Exploit

Echo Protocol said that a compromised admin key had enabled unauthorized eBTC minting on its Monad deployment.

Bitcoin Faces Greater Quantum Computing Risk Than Ethereum, Citi Warns

Both Bitcoin and Ethereum face a quantum computing threat, but Citi says the gap between them comes down to governance, not just technology.

📊 Myriad Insight of the Day

BTC next move: Pump to $84K or Dump to $55K?
$84K 77%23% $55K
  
Why it matters
Spot Bitcoin ETFs shed $649 million Monday — BlackRock's IBIT alone lost $448 million — after last week's $1 billion bleed. BTC fell 6.7% to $76,200 on US-Iran escalation and hotter-than-expected inflation. Long-term holder accumulation keeps a floor under the dip, though, and with $84K just 10% away versus $55K 28% down, the pump side stays favored — but cooled from 89% to 77%.
Trade

🥇 Be First to Market With Myriad

Join the Myriad Markets Telegram to see the latest prediction markets the second they drop!

With Myriad, the on-chain prediction market launched by Decrypt’s parent company DASTAN, you can break the news and stake the news, using USDC and points.

🕵🏻‍♀️ Editor’s Picks

AI Slop Floods Bug Bounty Programs as Companies Struggle with Fake Reports

Bug bounty platforms and software companies are struggling to handle a surge of low-quality, AI-generated vulnerability reports.

Polymarket Users Spur Insider Trading Suspicions With $2.4 Million in Iran Prediction Wins

Interlinked Polymarket accounts have made millions betting on U.S. military actions in Iran—and won 98% of the time, analysts say.

AI Still Can't Beat the On-Call Engineer: Here's Why

The best AI models can't yet beat the engineers they’re supposed to replace at fixing real-world problems, a new benchmark suggests.

📚 Watch, Listen & Learn

📹️ WATCH: SEC Reverses Course on Tokenized Stocks, Hype Soars up 5%, Saylor buys $2B more BTC

🎧 LISTEN: The Decrypt News roundup with TylerD - May 19th

The SEC may have just opened the door to third-party tokenized stocks. Strategy bought another $2 billion in Bitcoin, and price still went lower. And Iran is now trying to turn Bitcoin into maritime insurance infrastructure.

🎓️ LEARN: What Is Strategy (MSTR)? The Bitcoin Treasury Company

Software firm Strategy (formerly MicroStrategy) and its co-founder Michael Saylor have become synonymous with Bitcoin. Here’s what you need to know.

Interested in partnering with Decrypt? Find out more here.