Strive Reports $509M Quarterly Profit as Bitcoin Buying Accelerates
Photo: NewsBTC
TL;DR: Strive reported $509 million in third-quarter GAAP net income and said it purchased 8,136 BTC during the quarter, followed by another 15,124 BTC between October 1 and October 30. Its financing structure and accounting gains matter as much as the headline accumulation figures. Bitcoin treasury company Strive has released a new set of numbers showing how rapidly its balance sheet has changed. In its November 6 third-quarter results , the Nasdaq-listed business reported $509 million in GAAP net income for the three months to September 30, alongside a large expansion of its Bitcoin position.
Also reported by Cointribune.
Source: NewsBTC
