TD: These 3 crypto stocks could actually beat bitcoin ETFs, says TD Cowen

Analyst Lance Vitanza is betting that digital asset treasury"companies like Nakamoto, SharpLink and Strive can outperform standard crypto ETFs by aggressively stacking coins and capturing staking yields. What to know : TD Cowen analyst Lance Vitanza initiated coverage of Nakamoto, SharpLink Gaming and Strive with buy ratings, arguing they could outperform spot crypto ETPs if digital asset prices rebound and token holdings per share keep rising. Vitanza’s price targets—$1 for Nakamoto, $16 for SharpLink and $26 for Strive—assume bitcoin reaches about $140,000 and ether about $3,650 by late 2026, supporting sizable projected dollar gains for each firm. He contends that the companies’ operating businesses and treasury strategies, including bitcoin and ether accumulation, minority stakes, and staking income, could generate better yields than spot crypto funds and help cover costs even in weaker markets.