The Block (@TheBlockCo): THE BLOCK: TD Cowen reiterated its buy rating and $260 target on Strategy, saying returning the STRC preferred stock to par is now management's stated…
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THE BLOCK: TD Cowen reiterated its buy rating and $260 target on Strategy, saying returning the STRC preferred stock to par is now management's stated top priority. It follows an $8.2 billion Q2 loss and a fifth straight week with no bitcoin purchases as the company builds a cash reserve.