STRIVE BUYS ITS WAY TO FIFTH PLACE — TD COWEN STOPS MODELING AND STARTS CHASING

Strive bought 1,800 bitcoin at $79,431 average between Aug. 24–28, pushing total holdings to 23,156 BTC — fifth-largest among public corporate treasuries. TD Cowen says the pace “meaningfully exceeded” its model and responded by nearly tripling its Q3 buy forecast, from 1,500 to 4,300 BTC, and raising the ASST price target to $32 from $28. The analyst is now projecting 27,156 BTC in Strive’s treasury by year-end, on a $97,500 bitcoin price assumption. ASST traded up 6% Monday and is up roughly 165% over six months. The wrapper trade isn’t waiting on consensus — it's forcing the consensus to catch up.