According to The Block, TD Cowen increased its price target for Strive’s bitcoin purchases after the company plans fresh funding specifically for those purchases. The upgrade reflects TD Cowen’s view that pressure related to warrant holdings is easing.
Strive intends to secure additional funding to support further bitcoin acquisition activity. TD Cowen analysts cited the anticipated capital allocation as a factor in adjusting the price target upward by 27 percent. No details were provided regarding the amount of funding, timing, or specific terms.
The warrant-related stock pressure mentioned by TD Cowin appears to be diminishing, which aligns with the firm’s positive outlook on Strive’s bitcoin buying trajectory. The upgrade does not include new projections beyond the stated 27 percent increase in the price target. No client names, investor reactions, or market performance data were included.
