Strive becomes fifth-largest public BTC holder after purchasing 1,800 BTC; TD Cowen raises ASST price target, projecting 27,156 BTC by end of 2026.
Macro & Markets ·
Strive acquired 1,800 BTC in a transaction that elevated it to the fifth-largest public holder of bitcoin, according to reporting on the purchase. Concurrently, TD Cowen raised its price target for ASST, the entity's ticker, projecting that Strive will hold 27,156 BTC by the end of 2026—nearly 4,300 more than the firm's prior forecast.
The revision reflects updated expectations around Strive's bitcoin accumulation strategy and market positioning. The newly raised target incorporates both the 1,800 BTC purchase and anticipated additional acquisitions through the remainder of the period.
The specifics of TD Cowen's updated valuation methodology and the timeframe and mechanics of future bitcoin acquisition remain unclear from available information.