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StoneX will Strive raise the target price 34%to 43 USD, maintaining a Buy rating

PANews October 27 reported, according to The Block, that StoneX will raise the target price of the Bitcoin treasury company Strive from 32 USD raise 34%to 43 USD, while maintaining a Buy rating. Analyst Mark Palmer said that Strive recently completed SATS preferred stock IPO and the expiration of traditional warrants constitute a “clean reset” of the company’s capital structure, highlighting its all-preferred-stock Bitcoin treasury model.October 20，Strive completed 7000000 shares 15% SATS preferred stock upsizing IPO, raising gross proceeds of 630000000 USD；SATS the annual dividend rate is 15%, and the company has reserved sufficient funds to cover the first 18 months of payments. Palmer said that SATS ranks below the previous SATA preferred stock; therefore, every USD raised increases assets without increasing claims senior to the senior preferred stock. This...