TD Cowen Lifts Strive Price Target to $56 as Bitcoin Holdings Climb
TD Cowen raised its Strive target from $44 to $56 on October 16, as the company holds 35,595 BTC and prepares a preferred-share sale.
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what happened
According to NewsBTC, TD Cowen analysts raised their Strive price target from $44 to $56 in an October 16 update, pointing to the pace of the company's bitcoin purchases. The treasury now holds 35,595 BTC, after adding thousands of coins in a matter of weeks, which exceeded some earlier analyst forecasts.
Strive has also set terms for a large preferred stock sale of seven million shares at $90 each, which could bring in about $630 million before costs. Such securities avoid immediate dilution of common shares, but they carry ongoing dividend payments.
why it matters
Growth in total bitcoin holdings does not automatically benefit existing shareholders if the share count rises or financing becomes expensive. Investors focus on bitcoin held per share. The target is an analyst view rather than a forecast, and Strive's next financing and treasury disclosures will show whether it can keep adding bitcoin on workable terms.
market impact
Strive and other bitcoin treasury stocks: more BTC buying and new preferred shares shape sentiment and dilution risk
tags
instruments
sources
- Strive Bitcoin Holdings Reach 35,595 BTC As Wall Street Raises Price Target 27% — newsbtc.com, 17 October 2026 at 23:13 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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