Strive Bitcoin Holdings Reach 35,595 BTC As Wall Street Raises Price Target 27%
Summary
TD Cowen raised its price target for Bitcoin treasury company Strive from $44 to $56, citing rapid acquisitions that brought its reported holdings to 35,595 BTC. Strive priced a preferred-share offering of seven million shares at $90 each, potentially raising about $630 million before expenses. The financing could fund further Bitcoin purchases, though preferred dividends add costs. Investors will need to assess BTC holdings alongside share dilution and financing obligations to determine whether the strategy benefits shareholders.
