As one company keeps pouring money into bitcoin, Wall Street analysts are responding by raising their price targets outright. According to The Block, TD Cowen has hiked its price target for Strive stock by 27%, pointing in part to easing selling pressure tied to warrants that had previously weighed on the stock.
Strive's playbook isn't complicated: buy bitcoin, then raise fresh capital to buy more. That kind of move isn't new in the market, but TD Cowen's latest rating adjustment zeroes in on the structural factor of easing selling pressure, rather than simply reacting to bitcoin's price swings. Warrants typically come with dilution concerns, and once that pressure fades, the sell-off risk facing market participants holding the related stock drops as well.
The report didn't disclose the exact figure of TD Cowen's new price target, nor did it specify the size or timeline of Strive's latest fundraising round. Further details await official disclosure or follow-up analyst reports.
