Bitcoin Treasury Firms Receive Buy Ratings Amid Market Pressure

Investment bank B. Riley has initiated coverage of bitcoin treasury firms Strategy (MSTR) and Strive (ASST) with buy ratings, setting price targets at $175 and $12, respectively. According to NS3.AI, the report highlights that bitcoin has experienced a significant decline of over 45%, dropping from approximately $126,000 in October 2025 to around $69,000 by early March 2026. This downturn has exerted pressure on bitcoin treasuries and other crypto-linked stocks. Strategy and Strive currently hold 738,731 BTC and about 13,100 BTC, respectively. They trade near 1.2x and 0.9x modified NAV and offer preferred-share yields that surpass many traditional income assets.