TD Cowen Bets Big on Crypto Treasuries: ASST, SBET, and NAKA Rally as Bitcoin Reclaims $73,000

1 hour ago 1

David Moadel

Fri, April 10, 2026 astatine 10:22 AM CDT 5 min read

  • Strive (ASST) banal surged 8% aft TD Cowen initiated sum with a $26 terms target, citing the firm’s 13,628 BTC holdings and 22% Bitcoin (BTC) output successful Q4 2025.

  • SharpLink (SBET) shares roseate 2% connected a Buy initiation with $16 target, with the institution holding 864,597 ETH arsenic the world’s second-largest publically traded Ethereum (ETH) holder with $15.3M successful Q4 staking revenue.

  • Nakamoto (NAKA) banal is up 3% contiguous to $0.22 aft TD Cowen initiated shares with a Buy rating, though Nakamoto faces identifiable risks.

  • The expert who called NVIDIA successful 2010 conscionable named his apical 10 AI stocks. Get them present FREE.

Bitcoin (CRYPTO:BTC) climbed to $73,000 successful Friday greeting trading, and TD Cowen moved fast. The steadfast issued 3 caller Buy initiations successful a azygous morning, each targeting companies gathering crypto treasury strategies astir Bitcoin and Ethereum (CRYPTO:ETH). It's a coordinated, high-conviction stake connected wherever integer assets are heading by year-end.

TD Cowen's underlying thesis rests connected a year-end Bitcoin terms people of $140,000 and a year-end Ethereum people of $3,650. Those are assertive calls from existent levels, but the steadfast is backing them with caller expert sum crossed the sector. The initiations sent respective small-cap crypto treasury names sharply higher this morning.

READ: The expert who called NVIDIA successful 2010 just named his apical 10 AI stocks

Bitcoin is up 3% successful the past 24 hours, and Ethereum is adjacent $2,250, up 3.5% successful the past 24 hours. TD Cowen's thesis spans 4 names crossed the crypto treasury space.

Strive, Inc. (NASDAQ:ASST) banal is the biggest mover, up 8% contiguous to $10 aft TD Cowen initiated sum with a Buy standing and a terms people of $26, representing 165% upside from Thursday's adjacent of $9.81. That's a bold telephone connected a banal that's down 35% year-to-date.

Strive is the anti-ESG plus absorption steadfast co-founded by entrepreneur and person Vivek Ramaswamy, present operating arsenic a Bitcoin treasury company. The steadfast has accumulated 13,628 BTC arsenic of March 17, 2026, and reported a Bitcoin Yield of 22% successful Q4 2025 with a Bitcoin Dollar Gain of $114.3 million. CEO Matthew Cole has called integer recognition a "multi-trillion dollar opportunity."

Strive's superior operation is built astir its SATA preferred stock, which raised $148.4 cardinal via IPO successful November 2025. Ramaswamy's governmental illustration adds a chiseled marque space to what is different a straightforward Bitcoin accumulation play.

SharpLink Gaming (NASDAQ:SBET) banal is up 2% contiguous to $6.55, lifted by TD Cowen's Buy initiation with a terms people of $16, representing 147% upside from Thursday's adjacent of $6.49. SharpLink is the lone Ethereum-focused sanction successful the group, making it differentiated successful a assemblage dominated by Bitcoin treasury strategies.

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