Strive (ASST) Posts $474.8 Million Common Net Income as Bitcoin Yield Hits 63.2%
By Micah Zimmerman
AI summary of the source article
Strive reported $474.8 million in Q3 common net income, driven by a $533.7 million unrealized fair-value gain on digital assets. The firm expanded its bitcoin holdings to 43,124 by October 30, largely funded by perpetual preferred shares.
Why it matters
Chairman and CEO Matthew Cole stated that executing the treasury strategy and delivering strong bitcoin yield "is the primary driver of our common equity’s outperformance relative to Bitcoin so far this year."
Key facts
- Strive posted Q3 common net income of $474.8 million, driven by a $533.7 million unrealized digital asset gain against $2.7 million in operating revenue.
- Bitcoin holdings increased to 28,000 by September 30 and reached 43,124 by October 30.
- On October 20, Strive closed an offering of 7 million Series A perpetual preferred shares (SATS) for roughly $609 million in net proceeds.
Source excerpt · Bitcoin Magazine
Bitcoin Magazine Strive (ASST) Posts $474.8 Million Common Net Income as Bitcoin Yield Hits 63.2% Strive posted $474.8M in Q3 net income to common holders, almost entirely a $533.7M unrealized bitcoin gain, and touted 103.7% year-to-date outperformance versus bitcoin. This post Strive (ASST) Posts $474.8 Million Common Net Income as Bitcoin Yield Hits 63.2% first appeared on Bitcoin Magazine and i…