BitcoinTreasuries.NET said in a post on X that Bitcoin treasury company Strive has reached a market capitalization of $1.7 billion. The post also said Strive's share price rose above $20. According to the same update, the company's market value has now moved past that of U.S. fast-food giant Wendy's. Odaily reported the development as a brief market update. The source material did not provide additional financial details, a broader timeline, or comments from the company.

MSX.COM data cited by Odaily shows WEN rose more than 17% in a short period, with the token last trading at $8.9. The update also notes that investor Nelson Peltz is preparing to launch a takeover bid for U.S. hamburger chain Wendy's. The flash report did not disclose additional details about the potential offer.

Wendy’s (WEN) surged 42% intraday on June 24 after Reddit‘s WallStreetBets called to ’save Wendy‘s.' The short squeeze, fueled by ~30% of float shorted, drove volume to 15x average. Despite weak fundamentals, retail traders turned an old joke into a meme-stock rally.

Gate said it will add six new stock-linked perpetual contracts to its contract stock trading zone at 14:00 UTC+8 on July 6. The newly listed products are TTWO (Take-Two Interactive Software), KSTR (Invesco ARK SSE STAR Market 50 Index ETF), BSP, CAT (Caterpillar), WEN (Wendy's), and BAC (Bank of America). All contracts will be settled in USDT and support leverage ranging from 1x to 20x. The latest additions broaden Gate’s stock-related derivatives offering across sectors including gaming, ETFs, industrials, consumer dining, and banking.