Strive's Bitcoin Treasury Strategy Earns $32 Price Target from TD Cowen
TD Cowen has initiated coverage on Strive (ASST) with a price target of $32 per share, indicating approximately 33% upside from current levels. Analyst Lance Vitanza highlighted that Strive's Bitcoin treasury operation has exceeded earlier expectations.
The firm projects Strive's Bitcoin holdings will surpass 27,100 BTC by the end of this year, outperforming initial projections. This growth in digital asset reserves is driven by Strive's aggressive accumulation of Bitcoin, which is not only on track but ahead of schedule.
TD Cowen's assessment suggests that the company's strong Bitcoin treasury performance could enhance shareholder value if Bitcoin's price remains stable or appreciates. The $32 price target reflects a valuation that incorporates the expected growth of Strive's Bitcoin holdings and potential increased investor interest in companies with significant digital asset exposure.