Strive Surpasses Legacy Brands with $1.77B Market Cap, Bitcoin Treasury Strategy Drives Share Price Above Wendy's
Strive Inc., a company that initially focused on anti-ESG asset management, has built one of the largest corporate Bitcoin treasuries in the public market. With a market capitalization of around $1.77 billion, its share price now trades above Wendy's at approximately $19.73 per share.
Strive went public through a reverse merger with Asset Entities in September 2025, allowing it to raise capital for Bitcoin acquisitions. By late August 2026, the company had accumulated around 21,356 BTC valued at over $1.7 billion.
To fund these purchases, Strive used SATA preferred stock, which helps manage dividends and keep operational reserves intact. This financing mechanism has enabled the company to tap into a larger pool of investor demand for Bitcoin exposure through a traditional equity wrapper.