Strive Secures Top Five Spot Among Corporate Bitcoin Holders

Strive, Inc., a publicly listed Bitcoin treasury corporation, has solidified its position among the top five corporate holders of BTC after acquiring 1,800 units for approximately $143 million. The purchase took place between August 24 and 28 at an average cost of $79,431 per coin.

The transaction significantly boosted Strive's cumulative Bitcoin reserves to 23,156 BTC, surpassing its previous total of 21,356 BTC. This new acquisition also propelled the company beyond Bullish, a cryptocurrency exchange and digital asset firm, securing the fifth position among publicly traded corporate Bitcoin holders.

TD Cowen, an investment firm, has increased its price target on ASST (Strive's ticker) from $28 to $32 while maintaining a Buy rating. The analysts attribute this adjustment to treasury operations that have 'substantially surpassed' their earlier projections.