Cantor Raises Bitcoin (BTC) Assumption to $112,000 in Strategy Valuation

Cantor Fitzgerald raised its 12-month Bitcoin (BTC) assumption to $112,000 from $98,000 on Oct. 16 and lifted its Strategy share target, using the higher figure in its valuation of the company.

Cantor raised its price target for Strategy shares to $208 from $186 and maintained an Overweight rating. Its valuation model put Strategy’s enterprise value at $110 billion, up from $97 billion, and referenced about 848,000 BTC and estimated 2027 sales of $509 million.

The $112,000 figure was an input to the Strategy valuation, not a separate Bitcoin target for the broader market. Strategy’s Bitcoin holdings are a major part of its balance sheet.

Bitcoin traded at $81,454.35 at 7:29 a.m. ET (11:29 UTC) on Oct. 17, down 1.62% over 24 hours. Its low during that period was $80,719.43. At that snapshot, Cantor’s assumption was about 37.5% above Bitcoin’s market price.

Strategy held 848,250 BTC as of Oct. 11. From Oct. 5 through Oct. 11, it bought 250 BTC for $21.5 million at an average price of $86,194 per coin.