Strive's $1.7B Bitcoin Treasury Surpasses Wendy's Market Cap

Strive, Inc., a company that went public in 2025 through a reverse merger, has aggressively built up its corporate Bitcoin treasury. The firm holds over 21,000 BTC valued at approximately $1.7 billion, which accounts for about two-thirds of the company's market capitalization of $1.77 billion. This significant investment has pushed Strive's share price to $19.73.

This development surpasses the share price of well-known fast-food chain Wendy's, highlighting strong investor demand for Bitcoin exposure through traditional equity. Strive shifted its strategy from an anti-ESG stance to a focus on Bitcoin treasuries within a year, reflecting a growing trend among firms adopting this approach.