# Strive Shares Drop Despite Price Target Increase Following Bitcoin Purchases

- URL: https://stocks.freetheai.org/news/strive-shares-drop-despite-price-target-increase-following-bitcoin-purchases-e46527
- Published: 2026-10-16T20:22:57Z
- Category: analyst_ratings; sentiment: mixed; impact: medium
- Symbols: [NASDAQ:ASST](https://stocks.freetheai.org/symbols/NASDAQ-ASST)
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Financial analysts raised their price target for Strive, Inc. (ASST) from $44 to $56 after the company rapidly accumulated bitcoin. Strive added nearly 7,600 BTC to its treasury over two weeks, bringing its total holdings to 35,595 BTC worth roughly $2.9 billion. The recent accumulation exceeded earlier analyst forecasts for the entire fourth quarter.

The aggressive purchases placed Strive among the largest corporate holders of bitcoin, just behind MARA. However, the treasury growth created short-term stock pressure because warrant exercises increased the total number of diluted shares outstanding. With the $27 warrants now fully exercised, analysts expect dilution pressure on the common stock to subside.

Investors are watching Strive's expanded offering of 7 million preferred shares at $90 each, aimed at raising $630 million. Expected to close Oct. 20, the capital raise plans to set aside cash for 18 months of dividends and fund additional bitcoin acquisitions without issuing more common stock.

## Key points

- Analysts increased Strive's price target to $56 from $44 after the company acquired nearly 7,600 bitcoin in two weeks.
- Strive's total holdings reached 35,595 bitcoin, valued at around $2.9 billion, making it the fourth-largest corporate holder.
- Recent warrant exercises increased diluted share count and weighed on stock performance, but analysts expect that pressure to end.
- Strive expanded a preferred share sale to raise $630 million to finance further bitcoin purchases without common stock dilution.

## Questions and answers

### Why did analysts raise Strive's price target?

Analysts raised Strive's price target to $56 from $44 because the company acquired nearly 7,600 bitcoin in two weeks, exceeding its full fourth-quarter projection and increasing its total holdings to 35,595 BTC.

### How many bitcoins does Strive hold?

Strive holds 35,595 bitcoin, worth approximately $2.9 billion. This gives the company the fourth-largest bitcoin treasury among publicly traded companies.

### How is Strive funding its future bitcoin purchases?

Strive expanded a preferred share offering to 7 million shares at $90 each to raise $630 million, aiming to fund further bitcoin purchases without diluting common stock.