Strive Reports $509M Quarterly Profit as Bitcoin Buying Accelerates
Summary
Strive reported $509 million in third-quarter GAAP net income and said it bought 8,136 BTC during the quarter, with another 15,124 BTC acquired from October 1 to 30. It reported $490.4 million in cash and $50.1 million in Strategy preferred shares, and raised about $609 million net through a preferred-share offering. The results also included management-defined Bitcoin yields of 18.5% for the quarter and 63.2% year to date, which are not cash returns. The report cautions that accounting gains may not reflect operating cash generation and says investors should assess financing costs, dilution, liquidity and preferred-share terms before judging whether accumulation benefits common shareholders.
