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State Street boosts stake in Strive Asset Management by 770%, buying $17.7M in shares amid Bitcoin accumulation.

Market News
21 May 2026
Crypto news
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Bullish
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State Street Corporation increased its holdings in Strive Asset Management by nearly 1 million shares, a 770% rise valued at about $17.7 million. This move aligns with Strive's aggressive Bitcoin treasury strategy, which recently added 381.61 BTC, bringing its total to 15,391 BTC, making it one of the largest public corporate Bitcoin holders. Analysts from TD Cowen and H.C. Wainwright raised price targets on Strive's stock, reflecting optimism about its Bitcoin-driven growth. Institutional interest is growing as Strive uses proceeds from preferred stock sales to buy more Bitcoin, signaling strong confidence in this strategy's potential to boost stock momentum.

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