Strive Surpasses Bullish as Fifth-Largest Corporate Bitcoin Holder

Strive, Inc., a publicly traded Bitcoin treasury company, has taken its place among the top five corporate holders of BTC. The company acquired 1,800 BTC between August 24 and 28 at an average price of $79,431 per coin for approximately $143 million.

The purchase pushed Strive's total holdings to 23,156 BTC, surpassing Bullish, a crypto exchange and digital asset company, and placing it in the fifth spot. The company celebrated its milestone on X with a simple message: 'Strive to five.'

TD Cowen responded to the news by raising its price target on ASST from $28 to $32, maintaining a Buy rating. Analysts now expect Strive to purchase nearly 4,300 BTC in the third quarter and another 3,000 BTC in the fourth quarter.