Strive posts $509 million Q3 profit as bitcoin treasury reaches 43,124 BTC
U.S. public company Strive reported $509 million in third-quarter net income, propelled by more than $533 million in unrealized bitcoin gains as its total bitcoin holdings reached 43,124 BTC by late October.
U.S. public company Strive reported a third-quarter net income of $509 million, propelled by $533.7 million in unrealized bitcoin gains, according to reporting from The Block and crypto.news. The company expanded its cryptocurrency treasury during the period, adding 8,136 bitcoin in the third quarter before acquiring an additional 15,124 BTC in October to lift its total holdings to 43,124 BTC as of Oct. 30.[1][2][5][6]
Bitcoin Magazine separately reported that Strive disclosed adding 28,000 BTC in the third quarter, putting the total value of its 43,124 BTC treasury at $3.26 billion. Crypto Briefing highlighted that while Strive pointed to its strong bitcoin yield and strategic equity offerings as growth drivers, the company also noted that its financial performance remains vulnerable to swings in the valuation of bitcoin.[3][7]
Shares of Strive, trading under the ticker ASST, rose 2.5% in early market trading following the earnings release, though The Block noted the stock had continued a broader downward slide despite the profitable quarter.[1][2][6]
Key facts
- Strive reported third-quarter net income of $509 million.
- The quarterly profit was fueled by $533.7 million in unrealized bitcoin gains.
- Strive added 8,136 BTC during Q3 and an additional 15,124 BTC in October, lifting its total reserves to 43,124 BTC by Oct. 30.
- Bitcoin Magazine reported Strive disclosed adding 28,000 BTC in Q3, valuing the 43,124 BTC treasury at $3.26 billion.
- Strive flagged its operational and financial reliance on bitcoin's value as a risk factor.
- ASST shares rose 2.5% in early trading following the announcement, although the stock had previously continued sliding.
Sources · 7 sources
- TB
The Block@TheBlockCoPost on X ·
THE BLOCK: Strive reported $509 million in Q3 net income, driven by $533.7 million in unrealized bitcoin gains. The firm added 8,136 bitcoin during the quarter, then bought another 15,124 BTC in October, bringing its holdings to 43,124 bitcoin:native by Oct. 30. $ASST shares are up 2.5% in early market trading.
Open source - TB
The BlockArticle ·
Strive’s bitcoin gains drive $509 million Q3 profit as BTC buying ramps up Strive’s bitcoin stash reached 43,124 BTC as its shares continued to slide despite a profitable third quarter.
Open source - CB
Crypto BriefingArticle ·
Strive reports $509 million Q3 income as Bitcoin gains hit $534 million Strive's strong Bitcoin yield and strategic equity offerings highlight its robust growth potential, but reliance on Bitcoin's value poses risks. The post Strive reports $509 million Q3 income as Bitcoin gains hit $534 million appeared first on Crypto Briefing .
Open source - CB
Crypto Briefing@Crypto_BriefingPost on X ·
🟠 NEW: Strive reports $509 million Q3 profit as Bitcoin holdings generate $534 million in unrealized gains. https://t.co/JpZwEJ5BMU
Open source - CN
crypto.news@cryptodotnewsPost on X ·
LATEST: Strive has reported $509M Q3 net income as Bitcoin holdings surge to 43,124 BTC The firm recorded $533.7 million in unrealized Bitcoin gains, added 8,136 BTC in Q3 and purchased another 15,124 BTC in October, bringing its holdings to 43,124 BTC by October 30. https://t.co/NuX9veo4Bb
Open source - BL
BlockNews@blocknewsdotcomPost on X ·
🚨 JUST IN: Strive $ASST reports $509 MILLION in Q3 net income, fueled by $533.7 MILLION in unrealized Bitcoin gains! The company added 8,136 $BTC in Q3 and another 15,124 BTC in October, bringing total holdings to 43,124 BTC as of October 30. $ASST shares are UP 2.5% in early trading!
Open source - BM
Bitcoin Magazine@BitcoinMagazinePost on X ·
NEW: 🇺🇸 Public company Strive disclosed a net income of $509 million and the addition of 28,000 BTC in Q3. 👀 This brought their Bitcoin treasury to 43,124 BTC worth $3.26 billion! 🚀 https://t.co/x2phwKpiQO
Open source