Strive Bitcoin Holdings Reach 35,595 BTC As Wall Street Raises Price Target 27%
BTC when published $81,257Now $80,568 ▼ −0.85% since it was published
TL;DR: TD Cowen reportedly raised its Strive share-price target from $44 to $56 after the Bitcoin treasury company expanded its holdings to 35,595 BTC. Strive is also seeking financing through a substantial preferred-share offering. Bitcoin treasury company Strive is attracting fresh attention from Wall Street after a rapid buying programme took its reported holdings to 35,595 BTC. TD Cowen analysts increased their share-price target on Strive from $44 to $56 in an October 16 research update, pointing to the pace of the company’s Bitcoin acquisitions. The company has accumulated thousands of BTC in a matter of weeks, considerably exceeding some earlier analyst expectations. A Growing Treasury Needs Funding Strive’s strategy depends on raising capital and acquiring additional Bitcoin.
First reported by NewsBTC. This page is a short excerpt; the full text is theirs.
