Strive posts $509 million Q3 profit on bitcoin gains, now holds 43,124 BTC
Bitcoin treasury firm Strive reported third-quarter net income of $509 million, driven by more than $533 million in unrealised gains on its bitcoin, against revenue of about $2.7 million. It bought 8,136 BTC in the quarter and another 15,124 BTC in October, taking holdings to 43,124 BTC, and ended October with about $490 million in cash. The company says it is 876 BTC short of becoming the second-largest corporate holder.