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. Its announced purchases have positioned it among the larger corporate holders, though still far behind Strategy.
The firm also announced pricing for a substantial preferred stock offering. Seven million shares at $90 each would generate approximately $630 million in gross proceeds before expenses, assuming completion on the announced terms.
Such financing can raise cash without the immediate dilution associated with issuing common shares, but preferred dividends create their own ongoing costs.
Strive has repeatedly expanded its Bitcoin holdings, including a previously reported purchase that lifted its treasury above 26,000 BTC.
Bitcoin Per Share Is The Real Test
A rising total BTC balance does not automatically mean existing shareholders benefit if the company simultaneously expands its share count or adds expensive financing obligations.
For that reason, investors must assess Bitcoin holdings alongside the capital structure supporting them.
TD Cowen’s higher target signals optimism about Strive’s execution, but remains an analyst opinion rather than a guaranteed future price.
The company’s next financing and treasury disclosures will show whether it can keep increasing Bitcoin exposure on terms that make economic sense for shareholders.
Written by the News Desk and edited by Samuel Rae.