Strive increased its Bitcoin holdings by 2,500 BTC, bringing its total to 19,000 coins, just one day after Strategy became a net seller of the asset. In a separate move, Benchmark analyst Mark Palmer initiated coverage on ASST with a Buy rating and a $32 price target, even as the stock dropped 3.59% in pre-market trading Tuesday.
Strive bulks up as Strategy pares back
Strive’s latest purchase — 2,500 BTC — comes less than 48 hours after Strategy, a longtime Bitcoin bull, turned into a net seller for the first time in months. The timing sets up a contrast between two institutional players. Strive now holds roughly 19,000 BTC, putting it among the larger corporate holders.
The company didn’t disclose the average price paid for the latest tranche, but the move signals continued conviction even as other holders take profits or reduce exposure.
Benchmark analyst goes bullish on ASST
Benchmark analyst Mark Palmer kicked off coverage on ASST with a Buy rating and a $32 price target, implying significant upside from current levels. The call came as ASST shares traded down 3.59% ahead of the opening bell Tuesday. Palmer’s initiation is the first major analyst coverage on the stock, which operates in the blockchain infrastructure space.
The pre-market dip suggests the broader market didn't immediately embrace the bullish view, but Palmer’s target — roughly double the stock’s recent range — stands out as a confident bet on ASST’s growth trajectory.
Both developments highlight a mixed picture for crypto-adjacent equities this week: one firm stacking coins while another sells, and an analyst betting on an undervalued play despite short-term price weakness.
