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JUST IN: Texas Capital is optimistic about Strategy's bitcoin accumulation model.
Texas Capital initiated coverage of Strategy Inc. with a Buy rating and a $200 price target, citing its position as a leading digital asset treasury manager and the growing institutional acceptance of bitcoin.
Shares of the company, led by Michael Saylor, remain closely tied to Bitcoin's price movements, and Texas Capital analysts see its strategy of increasing bitcoin per share as a long-term value driver.