JUST IN: $15 billion investment bank TD Cowen analyst Lance Vitanza just said, "We have a buy rating on #Bitcoin treasury company Strive $ASST with a price target of $28, and a buy rating on its preferred stock $SATA."
"We have a very constructive outlook on Strive." 🔥
Today marks a significant evolution of @Strategy’s business model.
We now have maximum optionality with buyback programs for $MSTR and $STRC, alongside a monetization program for $BTC.
And as always, we remain committed to full transparency.
STRIVE BALANCE SHEET UPDATE
• Bitcoin: ₿19,864
• Cash: $141.7M
• STRC: $37.7M
No $BTC purchases this week.
Strive’s balance sheet is built to move aggressively or wait patiently with deep reserves, no debt, no margin & no encumbered Bitcoin.
$ASST $SATA
I was on @BloombergTV today discussing the problem Digital Credit is built to solve.
Even with recent volatility, $SATA is proving its resilience as a superior income-generating asset vs. traditional income alternatives.
The track record is being built in real time.
Idk who needs to hear this, but:
Equity is the first loss buffer for everyone above it, and the residual claim on maximum upside once everyone else is paid.
This is how corporate capital structures work.
It’s not rocket science.