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TD Cowen keeps buy on Strive with $28 target, backing Bitcoin treasury and unique daily dividend preferred stock.

Analyst Insights
04 Aug 2026
Crypto Briefing
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Bullish
TD Cowen keeps buy on Strive with $28 target, backing Bitcoin treasury and unique daily dividend preferred stock.

TD Cowen analyst Lance Vitanza maintains a Buy rating on Strive, Inc. with a revised price target of $28, down from $32, still implying significant upside from current levels. Strive funds Bitcoin purchases through equity raises and offers a unique preferred stock (SATA) with a 13% annualized dividend paid daily, a rare structure in US markets. Despite a large Q1 2026 net loss, Strive operates debt-free, raising capital via share sales. Investors should watch SATA's trading near its $99-$101 par range, as deviations could affect common stock sentiment amid Bitcoin volatility.

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