Strive Reports $509 Million Q3 Profit on Bitcoin Gains
Strive reported $509 million in third-quarter net income, driven by $533.7 million in unrealized gains on its bitcoin holdings. Diluted earnings were $5.24 per share.
Bitcoin treasury company Strive reported $509 million in third-quarter net income on Friday, entirely driven by paper gains on its BTC holdings.Those unrealized bitcoin gains topped $533.7 million for the quarter, while diluted earnings came out to $5.24 per share. Strive also reported roughly $2.7…