Strive’s $509 Million Quarter Rested on a $533.7 Million Bitcoin Mark-Up
Photo: Blockchain Reporter
Strive, Inc. reported $509.0 million of net income for the third quarter, and almost none of it came from running a business. The Dallas company earned $2.696 million in revenue between July and September. It recorded $533.7 million of unrealized gains on the bitcoin it holds. The mark-up was 198 times the revenue line and larger than the entire profit. That is the shape of a digital-asset treasury company in a rising quarter, and Strive is now one of the larger ones: 43,124 bitcoin as of October 30, worth about $3.26 billion at $75,630 per coin, the price CoinGecko showed…
Source: Blockchain Reporter
