StoneX lifts Strive price target 34% as new stock offering bolsters bitcoin strategy

What happened

StoneX raised its Strive price target to $43 from $32 and kept a Buy rating. Strive raised $630 million in gross proceeds from an upsized offering of 7 million shares of 15% SATS preferred stock, and its traditional warrants expired.

Confirmed

Global impact / market context

The preferred stock sale gives Strive cash to buy more bitcoin without regular borrowing, which can lower risk for the company. A higher price target signals the analyst expects this funding model to keep supporting bitcoin purchases and the share price.

Analyst inference

Strive shares closed at $26.32 on Monday, down 9.15%, while the $43 target sits 63% above that price. This gap suggests investors are weighing the new preferred stock and bitcoin treasury model against recent share weakness.

Analyst inference

What to watch

1. Watch whether Strive spends the $630 million of gross proceeds on bitcoin purchases, since that spending is the stated purpose of its accumulation strategy. Confirmed
2. Track whether Strive can keep paying the 15% annual dividend on SATS and SATA preferred stock, which means the yearly cash owed to preferred holders. Proposed
3. Observe whether the share price moves toward StoneX's $43 target, which would show investors accepting the all-preferred funding model for bitcoin buying. Analyst inference

Affected assets

• BTC — Bitcoin

Evidence

• theblock.co