Slumping Strategy and Strive started with buy ratings at B. Riley

The bank said the bitcoin treasury sector’s slump reset valuations, but opened the door for new digital credit financing models that could revive growth. What to know : B. Riley initiated coverage of Strategy and Strive with buy ratings and price targets of $175 and $12, respectively. Bitcoin’s 2025–26 drawdown compressed treasury-company valuations and stalled equity-driven BTC accumulation. Preferred-share financing and diversified business lines could drive the next phase of growth, the report said.