TD Cowen raises Strive target price to $56 as Bitcoin holdings grow

The story so far: Strive bitcoin purchases and holdings

TD Cowen raised its Strive price target to $56 from $44 as the firm's Bitcoin holdings grew to about 35,600 BTC. On 26 Oct Strive said it spent about $510m on 6,182 BTC at $82,732, taking its holdings to about 43,000 BTC.

1. 17 Oct 202600:34 UTC

   TD Cowen raises Strive target price to $56 as Bitcoin holdings grow

   TD Cowen analysts Lance Vitanza and Jonnathan Navarrete raised their target price on Bitcoin treasury company Strive (ASST) to $56 from $44. Strive's Bitcoin holdings rose to 35,595 coins, worth about $2.9bn, from 28,000 at the end of September.

   BitcoinOdailyAIBullish

2. 18 Oct 202613:34 UTC

   TD Cowen raises Strive price target to $56 as firm reportedly holds 35,600 BTC

   TD Cowen raised its Strive price target from $44 to $56 on 16 Oct, with the firm reportedly holding 35,600 BTC after weeks of buying. Strive priced 7m preferred shares at $90 each, raising about $630m before fees, and its stock fell 6.1% alongside Strategy.

   BitcoinOdailyAIBullish

3. 26 Oct 202613:50 UTC

   Strive's 6,182 BTC purchase lifts listed firms' weekly net buying to $510m

   Strive said it spent about $510m on 6,182 BTC at $82,732 on 26 Oct, taking its holdings to about 43,000 BTC, while Strategy and Metaplanet bought none last week, SoSoValue data show. Listed non-mining firms hold 1,167,845 BTC, worth about $93.6bn.

   BitcoinOdailyAIBullish