BUSINESSTHE BLOCK
TD Cowen cuts David Bailey’s Nakamoto target 58% after bitcoin outlook reset
TD Cowen reduced its valuation target for Nakamoto, a company led by David Bailey, by 58% due to downward pressure on Bitcoin affecting the firm's capital structure.
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Adjacent reporting
- David Bailey’s Nakamoto bitcoin treasury announces 1-for-40 reverse split as shares hit new lows
- TD Cowen slashes Strategy target to $260 on bitcoin outlook, calls new capital framework ‘constructive’
- TD Cowen cuts Smarter Web Company price target 36% on revised bitcoin outlook
- David Bailey’s Nakamoto reports $239 million Q1 loss as bitcoin treasury value slides
- David Bailey’s Nakamoto closes legacy healthcare clinics as bitcoin operating company pivot nears completion