Strive Q3 net income rises on bitcoin gains
ASST•Strive reported third-quarter net income of $509 million and adjusted net income attributable to common stockholders of $495 million, or $5.46 per share. It acquired 8,136 bitcoin during the quarter and completed a $609 million preferred-stock offering in October.
1. Quarterly results
Strive said its third-quarter net income reached $509 million. Adjusted net income attributable to common stockholders was $495 million, or $5.46 per share. CEO Matthew Cole said bitcoin yield from its treasury management strategy was the primary driver of results; the company also acquired 8,136 bitcoin during the quarter.
2. Capital and outlook
In October, Strive completed a $609 million public offering of SATS preferred stock. The company said the capital raise positions it to pursue long-term returns above bitcoin and that it is evaluating opportunities in decentralized finance and tokenization. It did not provide financial guidance for current or future periods.
