TD Cowen expects the new Strategy financing to add 6,700 bitcoins

ChainCatcher news, according to The Block, brokerage TD Cowen stated that Strategy issued approximately 715 million euros in preferred shares (STRE), and is expected to add about 6,720 BTC, with an average purchase price of around $104,500; after deducting the dilution from dividends over the next 10 years, the net increase is about 4,235 BTC. The year-end BTC benchmark price is maintained at $141,277 (upside $160,000, downside $60,000). As of now, Strategy holds 641,692 BTC, worth about $67 billion.