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Julie B
Nakamoto’s price target cut 📉
A 58% target cut sounds completely bearish until you notice TD Cowen still kept its Buy rating. 📉
The firm lowered Nakamoto’s target to $17 because weaker Bitcoin changed the value of its debt-heavy structure.
This is why I never treat Bitcoin treasury stocks as simple BTC substitutes. Common shareholders own what remains after debt and preferred obligations, so a Bitcoin decline can hit the equity much harder than the underlying coin.
The target cut is really a warning about capital structure: when a company uses leverage to accumulate BTC, both the upside and the balance-sheet pressure become amplified.
$BTC #CXMTDebutShockwave #AIEarningsWatch #CeasefireHitsCrude
Aviso legal: o conteúdo do OKX Orbit é fornecido apenas para fins informativos. Saber mais
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