TD Cowen raised its price target on Strive's stock from $44 to $56 on October 16. Bitcoin News said Strive reportedly holds 35,600 BTC after weeks of sustained buying. Strive priced an offering of 7 million preferred shares at $90 per share, raising approximately $630 million in gross proceeds before fees. Strive's stock fell 6.1% on Friday, moving in line with Strategy's stock.
