Maxim lowered the firm’s price target on Strive (ASST) to $20 from $30 and keeps a Buy rating on the shares. The firm is positive on the stock as a Bitcoin accumulation story with a strengthened balance sheet and a differentiated access to capital, though its price target is cut reflecting the expected future value of Bitcoin holdings now at $100,000 per Bitcoin versus prior estimate of $150,000, the analyst tells investors in a research note.
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