Strive Inc. Surges Past $26 as Market Capitalization Nears $3 Billion

Strive Inc., a NASDAQ-listed Bitcoin treasury company, has seen its share price surge to approximately $26.82 before hitting $27 in recent sessions, pushing its market capitalization toward $3 billion.

The company's aggressive buying has added institutional demand pressure to Bitcoin at a time when spot Bitcoin ETFs have absorbed significant retail and institutional flows.

Strive operates on a zero-debt model, financing its Bitcoin acquisitions through preferred equity instruments and equity issuances rather than traditional debt. The company holds approximately 23,156 BTC, worth around $1.87 billion to $1.9 billion at current prices, making it the fifth-largest publicly traded corporate Bitcoin holder.

Strive's CEO, Matt Cole, has expressed ambition for the company to finish 2026 as the second-largest public corporate Bitcoin holder. The mechanism for achieving this goal lies in the warrant structure, with approximately $700 million in warrants available for exercise at a strike price of $27.