Strive initiated with a Buy at B. Riley

B. Riley analyst Fedor Shabalin initiated coverage of Strive (ASST) with a Buy rating and $12 price target The company operates a “compelling” dual-engine model, combining a bitcoin treasury with a growing asset management platform, the analyst tells investors in a research note. The firm believes Strive’s “robust” capital structure with minimal convertible offers near-term payment certainty for income investors. It adds that the shares trade at a meaningful valuation discount.