Analyst Lance Vitanza at TD Cowen has defended Strategy's lofty $440 price target. According to reports, the analyst noted the role of the company’s preferred equity in last week’s $2.1 billion Bitcoin purchase. The development suggests continued confidence in the company's valuation despite significant market activity.

Analyst Lance Vitanza at TD Cowen has defended Strategy's lofty $440 price target. According to reports, the analyst noted the role of the company’s preferred equity in last week’s $2.1 billion Bitcoin purchase. The development suggests continued confidence in the company's valuation despite significant market activity.