Strive, a company that buys and holds bitcoin, has seen its price target increase by 27% following a recent analysis by TD Cowen. The analyst firm attributes the hike to a decrease in stock pressure related to warrants held by investors. This adjustment suggests that the company's efforts to buy and hold bitcoin are yielding positive results. Strive plans to utilize fresh funding to continue its bitcoin purchasing activities.
Source
"Strive's Bitcoin Buying Spree Earns 27% Price Target Hike" — The Block
This article is Bitcoincryptos' summary and analysis of reporting originally published by The Block. Read the full original report at the link above.
BTC · 7D · $81,047−3.3%