After significant losses in the cryptocurrency market, companies with large digital asset reserves such as Nakamoto, Sharplink, and Strive are drawing attention once again. Lance Vitanza of TD Cowen noted that, despite having seen their share prices fall by more than 90 percent recently, these firms could become leading players if the crypto market shows signs of recovery.
Nakamoto’s strategy for growth and future ambitions
For Nakamoto, Vitanza issued a “buy” rating, setting a $1 price target per share. This forecast relies on several key assumptions: Bitcoin reaching $140,000 by the end of fiscal 2027, a projected $394 million in Bitcoin earnings, and other financial multiples. Currently, Nakamoto shares are trading at around $0.21.
The company’s approach is not limited to accumulating Bitcoin; Nakamoto also holds minority stakes in offshore treasuries such as Metaplanet and Treasury BV. Moreover, it is active across diverse sectors—media, cryptocurrency advocacy, and digital asset management. Observers have suggested this multi-pronged model creates unique synergies and potential for growth for Nakamoto.
Sharplink and Strive’s latest strategic moves
Sharplink received a similar “buy” recommendation, with a target price of $16 per share. The forecast is based on an anticipated $93 million in profits by 2026, a twofold price-to-earnings multiple, and an expectation that Ether will finish that year at $3,650. The company’s stock closed Thursday at $6.42.
Sharplink’s leadership includes notable figures from the digital asset space, such as former BlackRock executive Joseph Chalom and Joseph Lubin, a co-founder of Ethereum. The company’s strategy centers on maximizing returns per Ether, aiming to do so by increasing the volume of Ether held and generating earnings through staking. According to Vitanza, Sharplink’s yield potential could outpace other products as fund investors often face fees, and staking is not available in spot Ether investment products.
Sharplink’s ability to cover operating expenses with staking income, even during periods of Ether price weakness, is considered a positive factor for the company.
For Strive, Vitanza also provided a “buy” suggestion, setting a $26 target price—approximately triple its current closing price. This estimate is predicated on an expected $142 million in Bitcoin returns by the end of fiscal 2026 and the assumption that Bitcoin will finish that year at $140,000.
In January 2026, Strive became the first firm to add another publicly traded Bitcoin treasury to its assets with the acquisition of Semler Scientific. Vitanza described the deal as a significant turning point for the industry, and suggested that Strive could play a consolidating role among similarly discounted companies in the market.
Attention has also been drawn to Strive’s activities in asset management, social media marketing, and Bitcoin education. These business lines are expected to support its treasury operations and, in favorable market conditions, potentially allow the company to outperform spot Bitcoin investment products.
Despite the sharp recent downturn in digital asset valuations, analysts see new value potential in firms like Nakamoto, Sharplink, and Strive if the market recovers. Their diversified strategies, leadership, and integration of multiple digital finance sectors have set them apart from their peers. Many investors are now watching closely to determine if these companies can capitalize on any future crypto rally to turn their fortunes around.
