While the stock prices of crypto-related stocks Nakamoto (NAKA), Sharplink Gaming (SBET), and Strive (ASST) have fallen by more than 90%, U.S. investment bank TD Cowen evaluated them as a value investment opportunity. According to CoinDesk, TD Cowen analyst Lance Vitanza said, "If cryptocurrency prices recover and these companies continue to expand their token holdings per share, these stocks could perform better than Bitcoin ETFs," and "These companies are pursuing strategies such as buying Bitcoin and Ethereum, and staking yields." He explained that "These strategies can generate better returns than spot cryptocurrency funds and can help cover costs, especially when market conditions are unfavorable." Lance Vitanza presented target stock prices of $1 for Nakamoto, $16 for Sharplink, and $26 for Strive, assuming Bitcoin reaches approximately $140,000 and Ethereum reaches approximately $3,650 by the end of 2026. The investment opinion was rated as 'Buy'.
