TD Cowen sees 90% upside for bitcoin treasury firm Smarter Web following proposed ‘MORE’ preferred IPO

What happened

TD Cowen raised its Smarter Web price target after its proposed MORE preferred IPO, citing broader funding options and capital efficiency.

Why it matters

The financing changes available capital and competitive capacity around Bitcoin; terms and investor participation remain key.

Affected entities

View evidence

1 reports · 1 original report · 1 independent

1. The BlockPrimary source · Supports · EN · 100%
   TD Cowen sees 90% upside for bitcoin treasury firm Smarter Web following proposed ‘MORE’ preferred IPO ↗Sep 14, 2026, 5:29 AM

Claims

• TD Cowen sees 90% upside for bitcoin treasury firm Smarter Web following proposed ‘MORE’ preferred IPO Observed

Conflicts

No material conflict detected in the available evidence.

Timeline

1. September 14, 2026 at 5:29 AMFirst reported

Market move following event

Score explanation