Strive Snags 1,800 Bitcoin, Becomes 5th-Largest Public Treasury
Asset manager Strive just padded its balance sheet with 1,800 bitcoin, prompting Wall Street's TD Cowen to raise its price target on ASST stock.
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Key takeaways
- Strive acquired 1,800 BTC, making it the fifth-largest public corporate holder.
- TD Cowen raised its price target for Strive's stock (ASST).
- Analyst estimates now predict Strive will hold 27,156 BTC by the end of 2026.
Strive just added another 1,800 bitcoin to its balance sheet. That move locks up its spot as the fifth-largest corporate treasury holder of the crypto among public companies.
That aggressive buying got Wall Street's attention. Investment firm TD Cowen quickly bumped up its price target for Strive's stock, which trades under ASST. The bank revised its numbers upward, projecting Strive will hold 27,156 BTC by the end of 2026. That's roughly 4,300 more bitcoin than TD Cowen had previously baked into its models.
Why it matters
Wall Street research desks are doubling down on the corporate bitcoin treasury play. When analysts jack up their long-term forecasts like this, it tells you what financial institutions really expect: public companies are going to keep relentlessly soaking up supply for years to come.
Source: The Block
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