--- title: "TD Cowen raises Strive target on bitcoin buying" description: "TD Cowen lifted its price target on Strive by 27%, according to The Block, citing the company's bitcoin purchase plans and easing warrant-related stock pressure. Strive reportedly plans fresh funding to buy more bitcoin. The report does not specify the dollar amount raised, the number of bitcoin…" language: en canonical: "https://whycoinmoves.com/en/events/bitcoin-strive-s-bitcoin-buying-spree-c8f0e3183ec2bc" published: 2026-10-20T09:11:04.000Z updated: 2026-10-20T12:38:59.000Z indexable: false --- # TD Cowen raises Strive target on bitcoin buying TD Cowen lifted its price target on Strive by 27%, according to The Block, citing the company's bitcoin purchase plans and easing warrant-related stock pressure. Strive reportedly plans fresh funding to buy more bitcoin. The report does not specify the dollar amount raised, the number of bitcoin… Attributed sources: [The Block]() ## Key facts TD Cowen lifted its price target on Strive by 27%, according to The Block, citing the company's bitcoin purchase plans and easing warrant-related stock pressure. Strive reportedly plans fresh funding to buy more bitcoin. The report does not specify the dollar amount raised, the number of bitcoin targeted, or the prior target value. Evidence strength: Single source, 1 publisher group(s) (The Block); this describes source coverage, not truth or causation. After site detection, observed returns were 5 minutes: -0.02% (20/10/2026, 09:11 → 20/10/2026, 09:16, UTC; OKX · USDT); 1 hour: +0.24% (20/10/2026, 09:11 → 20/10/2026, 10:13, UTC; OKX · USDT). Unlisted windows are unavailable. In the preceding 30 days, the 99th percentile of absolute hourly returns was 1.23% (OKX · USDT; cutoff 20/10/2026, 09:11, UTC). This hourly baseline is not directly comparable with a minute move. ## Returns after site detection | Window | Return | BTC | Difference from BTC | Actual sampled interval (UTC) | Source | | --- | --- | --- | --- | --- | --- | | 5 minutes | -0.02% | -0.02% | 0.00 pp | 20/10/2026, 09:11 → 20/10/2026, 09:16 | OKX · USDT | | 1 hour | +0.24% | +0.24% | 0.00 pp | 20/10/2026, 09:11 → 20/10/2026, 10:13 | OKX · USDT | | 24 hours | — | — | — | — | — | ## Historical hourly baseline | Metric | Value | | --- | --- | | Ready | true | | Coverage | 100.0% (720/720) | | Median absolute hourly return | 0.15% | | 99th percentile of absolute hourly returns | 1.23% | | BTC beta | 1.00 | | Source / cutoff (UTC) | OKX · USDT / 20/10/2026, 09:11 | ## Claims and open questions - Strive plans fresh funding for bitcoin purchases, per The Block. - TD Cowen sees warrant-related stock pressure easing, per The Block. - TD Cowen raised its price target on Strive by 27%, per The Block. - The new and prior TD Cowen price target figures are not given; the analyst note would confirm them. - The size and structure of Strive's planned funding round are undisclosed; a company filing or announcement would confirm them. - The amount of bitcoin Strive intends to buy is not stated; an official company statement or on-chain data would clarify. ## Source evidence - [Strive’s bitcoin buying spree earns 27% price target hike from TD Cowen]() — The Block; published 16/10/2026, 20:22; received 20/10/2026, 09:11 (UTC). ## Recent BTC events and market reactions - [US spot bitcoin ETFs return to net outflows with $636 million withdrawn]() — Published 23/10/2026, 07:09 (UTC) · Multiple publishers (2 publishers) · Market watch · 5m -0.02% / 1h +0.13% - [Chinese court accepts prosecutors' bid to confiscate Bitcoin seized in UK]() — Published 22/10/2026, 06:24 (UTC) · Multiple publishers (3 publishers) · General news · 5m -0.02% / 1h -0.41% / 24h -0.94% - [US spot Bitcoin ETFs take in about $1.07 billion over three sessions]() — Published 22/10/2026, 04:41 (UTC) · Multiple publishers (3 publishers) · Market watch · 5m +0.05% / 1h +0.07% / 24h -1.31% - [Bitcoin slips below $82K after Tesla and Meta results unsettle tech markets]() — Published 22/10/2026, 03:51 (UTC) · Multiple publishers (2 publishers) · Market watch · 5m +0.13% / 1h +0.04% / 24h -1.04% - [Bitcoin rises above $84,500 as SpaceX earnings lift tech stocks]() — Published 21/10/2026, 15:13 (UTC) · Multiple publishers (2 publishers) · Market watch · 5m +0.15% / 1h +0.25% - [Full coin archive]() ## Research for this archive - [Altcoin beta to Bitcoin: BTC, ETH, SOL and DOGE hourly returns]() - [Perpetual funding rates and annualized yield: a 2025 comparison]() - [Bitcoin halving and bull markets: evidence from four halvings]() - [Bittensor (TAO): Bitcoin beta, volatility and the AI crypto narrative]() [Methods and limitations]() Publisher count is not independent evidence count. Price changes cannot verify news or prove causation.