TD Cowen Initiates Coverage on Strive with $32 Target, Citing Strong Bitcoin Treasury Performance

BitcoinWorld TD Cowen Initiates Coverage on Strive with $32 Target, Citing Strong Bitcoin Treasury Performance TD Cowen has initiated coverage on Strive (ASST) with a price target of $32 per share, implying roughly 33% upside from current levels.

Analyst Lance Vitanza highlighted that the company’s Bitcoin treasury operation has exceeded earlier expectations, according to data from bitcointreasuries.net. The firm projects Strive’s Bitcoin holdings will surpass 27,100 BTC by the end of this year.

What’s Driving the Optimistic Outlook? Strive, an asset management firm that has adopted a Bitcoin-centric treasury strategy, has seen its digital asset reserves grow faster than initially anticipated.

TD Cowen’s assessment suggests that the company’s aggressive accumulation of Bitcoin is not only on track but ahead of schedule, a factor that could enhance shareholder value if Bitcoin’s price remains stable or appreciates.