TREE NEWS reports: TD Cowen raised its price target on Strive by 27%, citing the company’s bitcoin buying spree, with the firm saying warrant-related stock pressure is easing. Strive plans fresh funding to purchase more bitcoin. The bitcoin-buying strategy and the warrant overhang were the focus of the TD Cowen note.
TD Cowen Raises Strive Price Target 27% on Bitcoin Buying Spree
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AI take
TD Cowen's move frames Strive's bitcoin accumulation as a valuation input rather than a side bet, which matters for a small-cap whose equity story increasingly tracks its treasury strategy. The nod to easing warrant pressure is the more telling detail: it suggests the overhang that weighed on the stock may be clearing just as the company seeks fresh funding for more purchases. Whether that funding lands on terms that keep the bitcoin-per-share math intact is the open question.
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