StoneX raises target price for Bitcoin treasury company Strive by 34% to $43, as its holdings increase to 43,000 BTC.

On October 27, according to The Block, StoneX raised its price target for Bitcoin treasury company Strive (ASST) from $32 to $43 and maintained a "Buy" rating. Analysts noted that the company's recent expansion of its preferred share issuance will help improve its Bitcoin accumulation strategy and capital structure. Strive completed a $630 million preferred stock IPO on October 20, issuing 7 million shares of SATS preferred stock with a 15% annual dividend rate. Additionally, the company disclosed that it increased its holdings by 6,182 BTC from October 17 to 23, bringing its total position to 43,000 BTC, ranking fourth among listed companies in Bitcoin reserves.