TD Cowen analyst Lance Vitanza has placed a 'buy' rating on Strive, Inc. (NASDAQ: ASST), igniting a surge of renewed interest in the flagship BTC treasury company. The catalyst follows Strive's latest strategic acquisition of 113 Bitcoin, positioning ASST for a potential significant recovery from its current price of $10.57—a stark contrast to its 2025 peak above $260.
Strive, Inc. trades near its one-year lows, but may see a recovery on renewed interest in DAT company stocks. | Source: Google Finance
ASST also rallied following a temporary relief for the stock market, while awaiting its own recovery. Strive expects to release its Q1 report on May 15, giving more clarity on the effect of its treasury.
Despite the long-term drawdown caused by the BTC bear market, ASST is seen as capable of a breakout. Recently, TD Cowen analyst Lance Vitanza gave a cautious ‘buy’ recommendation for ASST, with a price target of $26.
Strive is a Bitcoin playbook company, using raises and preferred stock to build up its treasury. As of April 2026, Strive held 13,741 BTC, with an unknown average price. A recovery of ASST may boost the ability of Strive to add more BTC. Traditionally, Strive uses OTC deals to source BTC, though its fundraising is public.
Another boost to Strive is the recent filing by Fidelity for a large-scale beneficial ownership of ASST shares. In a 13G filing, FMR LLC revealed it expanded its share to 12.1% of the total ASST supply. The high share of ownership may mean trust on the side of Fidelity, which has supported other digital asset projects. Currently, ASST has a relatively low short open interest, so Fidelity’s buying is not seen as a backing for an eventual short position.
The activity and hype around Strive, a top 10 BTC treasury company, may revive the sector and increase interest in ASST shares.
Strive has recently attempted to expand the role of its SATA preferred shares. SATA is the second most actively traded preferred stock from a DAT company after Strategy’s STRC.
For now, SATA has only $17M in monthly volumes, but Strive aims for a more predictable price range. SATA is mostly attractive for its 13.03% effective annualized yield.
As Cryptopolitan reported earlier, Strive has improved its balance and retired most of its debt. The company has completed the merger with Semler Scientific and may expand its appeal to investors for both ASST and SATA.
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