Strive, a Bitcoin treasury company, has increased its holdings to 35,595 BTC through a rapid buying program. TD Cowen raised its share-price target on Strive from $44 to $56, representing a 27% increase. The company announced a preferred stock offering of 7 million shares at $90 each, expected to generate approximately $630 million in gross proceeds. This financing aims to fund additional Bitcoin purchases, positioning Strive among the larger corporate holders, though far behind Strategy. The company’s next financing and treasury disclosures will determine whether its Bitcoin accumulation strategy remains economically sound for shareholders.
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