Strive’s Bitcoin holdings reach 35,595 as TD Cowen lifts price target to $56

The signal here is less the higher target than the pace: Strive's treasury grew by more than a full quarter's prior forecast in a matter of weeks, and the expanded SATS preferred raise suggests the accumulation model is being financed through structured preferred issuance rather than plain equity. That matters for anyone tracking how listed bitcoin treasury vehicles fund themselves, since preferred-heavy capital stacks change the risk profile of the common. Whether the accelerated buying pace and the preferred offering's take-up hold through the October close is the open question.