Investment bank B. Riley has entered the corporate bitcoin treasury sector with formal coverage of two Nasdaq-listed companies, Strategy Inc. (NASDAQ:MSTR) and Strive, Inc. (NASDAQ:ASST), assigning Buy ratings and price targets of $175 and $12, respectively. 

Analyst Fedor Shabalin led the Strive initiation, according to Investing.com The move comes as both stocks trade well below their previous highs, with bitcoin near $70,000.

B. Riley framed the current valuation compression in both companies as an opportunity rather than a structural concern. Strategy shares currently trade at 1.2 times net asset value (NAV), down from a 3.4x peak in 2024. 

Strive trades around 0.9…

Read more on BitcoinMagazine