Strive adds 2,500 bitcoin to hit 19,000 BTC just a day after Strategy turns seller
Benchmark's Mark Palmer also initiated coverage of the stock with a Buy rating and $32 price target as ASST shares fell about 4% pre-market....
Key takeaways
- 1Strive acquired 2,500 bitcoin for $185.2 million at $74,092 per coin, bringing total holdings to 19,000 BTC.
- 2Strive reported 23.0% quarter-to-date BTC yield and 36.7% year-to-date yield with 57.0% amplification ratio.
- 3Benchmark initiated Buy rating on Strive with $32 price target, implying 93% upside despite 3.59% pre-market decline.
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Why it matters
Strive's aggressive Bitcoin accumulation at lower prices positions it among top 10 corporate BTC holders, while analyst coverage signals institutional confidence. For Indian retail investors, this reflects growing corporate adoption of cryptocurrency as treasury assets and validates long-term Bitcoin investment thesis amid short-term market volatility.
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