TD Cowen Lifts Strive (ASST) Price Target to $56 as Bitcoin Holdings Surge
- —TD Cowen lifted its ASST target 27% to $56 and maintained a Buy rating
- —Strive now holds 35,595 BTC worth about $2.9 billion, up from 28,000 at end-September
- —The company expanded its Series A SATS preferred offering to 7 million shares at $90, raising about $630 million
- —Strive overtook MARA's 35,577 BTC to rank fourth among public Bitcoin holders
Why it matters: Strive's rapid BTC accumulation via preferred stock makes it a credible challenger to Strategy and adds to institutional Bitcoin demand.
Source: CoinCodex