TD Cowen initiated coverage of Strive (ASST) with a $32-per-share price target, implying roughly 33% upside from current levels. Analyst Lance Vitanza said the asset management firm’s Bitcoin treasury strategy has exceeded earlier expectations, based on data from bitcointreasuries.net. TD Cowen projects Strive’s holdings will surpass 27,100 BTC by the end of this year. The valuation reflects expected growth in those holdings and the possibility of greater investor interest in companies with substantial digital-asset exposure. Strive’s results are therefore increasingly linked to Bitcoin’s price and volatility rather than conventional asset-management measures. The report also highlights broader acceptance of Bitcoin treasury strategies among publicly traded companies, while investors should consider cryptocurrency volatility, regulatory changes and concentration risk from relying on one main asset class.