TD Cowen Cuts Nakamoto Bitcoin Stock Target 58% to $17 Amid BTC Decline
TD Cowen cut its price target for Nakamoto Inc. (NAKA), the David Bailey-led bitcoin treasury company, by 58% to $17 from a split-adjusted $40, citing pressure from bitcoin's decline on the company's debt-heavy capital structure, according to a Monday research note from analysts Lance Vitanza and
BTC5.15%
LucasBennett·07-27 17:16
