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StoneX raises Strive price target to $43; company reports 43,000 bitcoin
StoneX raised its price target for Strive, a bitcoin treasury company, from $32 to $43, a 34% increase, and reiterated its Buy rating. Analyst Mark Palmer cited a better outlook for the company’s bitcoin accumulation strategy. Strive shares fell 9.15% on Monday to close at $26.32, leaving the price target 63% above that closing price. Strive said it bought 6,182 bitcoin between October 17 and October 23, bringing its holdings to 43,000 bitcoin. Bitcointreasuries data ranked it fourth among public corporate bitcoin holders.
On October 20, Strive said it raised $630 million in gross proceeds by…
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