TD Cowen cut its price target for MicroStrategy (MSTR) to $260 from $400 after lowering its year-end 2026 Bitcoin forecast to $100,000. On July 4, investor Tim Draper denied links to a wallet that transferred 1,000 BTC to Coinbase Prime and reiterated his bullish prediction for Bitcoin to reach a price of $250,000. On July 6, MicroStrategy lost approximately 17% of its Bitcoin sale capacity due to its new cryptocurrency accumulation playbook.
