TD Cowen Raises Strive 2026 BTC Forecast to 27,156 After 1,800-Coin Purchase
TD Cowen updated its Strive (ASST) price target and now projects 27,156 BTC holdings by end-2026, ranking the firm fifth among public bitcoin treasuries.
What is new
TD Cowen lifted its ASST price target in the updated analyst note.
Forecast update
TD Cowen raised its year-end 2026 bitcoin holding forecast for Strive (ASST) to 27,156 BTC after the firm purchased 1,800 BTC.
The same note lifted the ASST price target and described Strive as the fifth-largest public bitcoin treasury.
Purchase details
Strive acquired the 1,800 BTC for $143 million at an average price of $79,431 per bitcoin.
CEO Matt Cole stated on X that the purchase brought the firm's total treasury to 23,156 BTC.
Valuation and remaining details
At a contemporaneous price near $78,000 per BTC the treasury would be valued near $1.76 billion, though the exact USD figure depends on the timing of each acquisition.
No information has been provided on the source of funds or the custody arrangement for the coins.
Unknowns
The exact ranking methodology and peer holdings used for the fifth-largest claim are not detailed.