Fidelity 12.1% Stake, TD Cowen Buy Rating Renew Interest in ASST

FMR LLC disclosed a 12.1% beneficial stake in Strive, Inc. (Nasdaq: ASST) in a 13G filing, and TD Cowen analyst Lance Vitanza assigned a buy rating with a $26 price target. The filings and the analyst note came after Strive added 113 BTC to its treasury.

The 13G filing showed a sizable institutional holding by FMR LLC in ASST. TD Cowen’s note set the $26 target while classifying the recommendation as a buy.

Strive reported a treasury of 13,741 BTC as of April 2026. The company purchased 113 BTC in the most recent addition. Strive has built its bitcoin reserve through public fundraising and the sale of preferred stock and has sourced bitcoin largely through over-the-counter transactions.

Strive has reduced its leverage in recent periods and completed a merger with Semler Scientific, changes the company says improve its balance sheet.

ASST traded near $10.57 after a short-term recovery. The share price remains well below a summer 2025 peak when ASST topped $260. The stock has traded near one-year lows and experienced a brief rally alongside broader market relief. Short open interest in ASST is relatively low.

Investors are watching Strive’s SATA preferred shares, which offer an effective annualized yield of about 13.03% and trade with roughly $17 million in monthly volume. SATA is the second-most actively traded preferred from a DAT-style treasury company.

Strive is scheduled to report first-quarter results on May 15. Market participants expect the report to include average purchase prices for bitcoin holdings, updates on debt reduction and details on preferred-stock programs.

The 13G filing by FMR LLC, the TD Cowen recommendation, the recent bitcoin purchase and the upcoming earnings report are among the developments drawing attention to ASST.