TREE NEWS reports: StoneX lifted its price target on bitcoin treasury company Strive to $43 from $32 and reiterated a Buy rating on the stock. The 34% increase follows a new stock offering that the brokerage said bolsters Strive’s bitcoin strategy.
StoneX raises Strive price target to $43 from $32, keeps Buy
The raise is notable less for the target itself than for the reasoning: StoneX is treating Strive's new stock offering as accretive to its bitcoin strategy rather than as dilution, a distinction that separates treasury-company models in the current market. It matters for holders of bitcoin-proxy equities, where capital-raising capacity is becoming a differentiator. Whether that read holds depends on how the offering is actually deployed and whether other brokerages align their targets with StoneX's.
Generated by AI for reference only.
Share on WeChat
Open WeChat → Scan → then tap "…" to send to a chat or Moments.
Tap "…" in the top-right corner to send to a chat or share to Moments.