Strive (ASST) Stock Falls 9% as StoneX Lifts Price Target to $43

TLDR

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Strive (ASST) stock fell 9% to close at $26.32 on Monday.
StoneX raised its price target to $43 from $32, a 34% increase, and kept its Buy rating.
The new target is 63% above Monday’s close.
Strive filed a $1 billion at-the-market program for its 15% SATS preferred stock.
The company bought 6,182 BTC from Oct. 17 to Oct. 23, lifting its holdings to 43,000 BTC.

Strive (ASST) stock fell 9% on Monday to close at $26.32. That is a rough reaction on a day when an analyst raised his price target.

Strive, Inc., ASST

StoneX lifted its target to $43 from $32, a 34% increase. The firm kept its Buy rating in place.

The new target sits 63% above Monday’s close. Senior Equity Research Analyst Mark Palmer cited an improved outlook for Strive’s bitcoin accumulation strategy.

A “Clean Reset” for the Capital Structure

Palmer pointed to two events from last week. On Oct. 20, Strive closed an upsized offering of 7 million units of its 15% SATS preferred stock.

The deal raised $630 million in gross proceeds. The company’s traditional warrants also expired that week.

Palmer called the two events a “clean reset” of the capital structure. He said they underline Strive’s all-preferred bitcoin treasury model.

He noted the company spent the past year funding bitcoin buys with perpetual preferred equity. The SATA preferreds did the heavy lifting.

Now Strive can run two preferreds side by side. Palmer said each is built for a different kind of income investor.

SATS pays a 15% annual dividend. Strive has set aside enough to cover the first 18 months of payments.

SATA is the earlier variable-rate Series A perpetual preferred. Palmer said SATA holders should view SATS as a positive.

SATS ranks below SATA in priority. That means every dollar it raises adds assets without adding claims ahead of the senior preferreds.

New $1 Billion Offering Program

Strive also entered a sales agreement to sell up to $1 billion of SATS stock. The at-the-market program will run through sales agents.

Proceeds could go toward bitcoin and bitcoin-related product purchases, working capital and income-generating assets. Other uses include capital expenditures and buybacks of Class A common stock or Variable Rate Series A preferred.

The list also covers acquisitions, preferred dividends and debt repayment. The offering falls under a prospectus supplement filed with the SEC.

It uses an automatic shelf registration that took effect on Sept. 15, 2025. The announcement also referenced a merger with Semler Scientific, with no timing or terms given.

Strive said Monday it bought 6,182 BTC between Oct. 17 and Oct. 23. That lifts its holdings to 43,000 BTC, fourth among public corporate holders, according to Bitcointreasuries data.

Strive (ASST) Stock Falls 9% as StoneX Lifts Price Target to $43

TLDR

A “Clean Reset” for the Capital Structure

New $1 Billion Offering Program

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