TD Cowen: Bitcoin to Hit $132,750 by 2028, Strategy, Strive Could Outperform

Wall Street research powerhouse TD Cowen has issued a major vote of confidence for the digital asset ecosystem. Senior Analyst Lance Vitanza revealed that the firm projects Bitcoin to reach $132,750 by the end of 2027, while pointing to a massive capital-markets shift where elite corporate treasury plays like Strategy (MSTR) and Strive, Inc. (ASST) could substantially outperform the underlying cryptocurrency itself.

The Core of the Catalyst

• The Power of Financing Premium: According to TD Cowen's analysis, companies that leverage creative equity structures (such as issuing common stock at a premium to Net Asset Value) can amplify their Bitcoin-per-share growth exponentially. If executed smoothly across both bull and bear markets, these treasury pioneers could appreciate at a 50% higher rate than Bitcoin itself.
• The Operational Advantage: Vitanza emphasized that a pure treasury play isn't enough; the true winners are companies with actual, cash-generative operating businesses or structured yield platforms. TD Cowen specifically cited Strategy's software/analytics engine and Strive's innovative digital credit framework (including its high-yielding SATA preferred stock) as elite strategic models designed to survive market downturns and continually accumulate BTC.

🚀 Wall Street has officially stopped debating if they should hold Bitcoin and is now optimizing how to maximize it. With top analysts forecasting massive outperformance for stocks leveraging digital credit ecosystems, retail investors trading blindly are missing the real alpha.

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