TD Cowen Raises Strive's Target Share Price to $56 on Higher-than-Expected BTC Accumulation

Analysts at TD Cowen have raised the target price for bitcoin treasury firm Strive from $44 to $56, while maintaining a "Buy" rating. Analysts Lance Vitanza and Jonnathan Navarrete noted that the amount of bitcoin Strive purchased over the past two weeks has exceeded the firm's previous full Q4 forecast. The company's bitcoin holdings have increased from 28,000 BTC at the end of September to 35,595 BTC (valued at approximately $2.9 billion), representing a net increase of nearly 7,600 BTC, far outpacing TD Cowen's original projection of 4,750 BTC. Strive has now climbed to the fourth position among publicly traded companies by bitcoin holdings, slightly surpassing MARA.

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