Strive reports $509 million Q3 income as Bitcoin gains hit $534 million

The Bitcoin treasury company's quarter was powered by unrealized gains, and its accumulation kept going in October Strive, the Nasdaq-listed Bitcoin treasury company trading as ASST, reported $474.8 million in third-quarter net income attributable to common stockholders. That works out to diluted earnings per share of $5.24. The company also reported a 63.2% year-to-date Bitcoin yield, its preferred measure of how fast it grows Bitcoin per share. Where the money came from Before preferred dividends, Strive posted GAAP net income of $509 million for the quarter. Most of that came from about $534 million in unrealized gains on its digital asset holdings. After paying out to preferred shareholders, the figure available to common stockholders landed at $474.8 million. On a non-GAAP adjusted basis, Strive reported net income of $494.6 million. The accumulation machine Strive added 8,136 BTC during the third quarter. That brought its total holdings to approximately 28,000 BTC as of September 30, a stash valued at nearly $2.34 billion at the time. In October alone, it bought another 15,124 BTC, lifting total holdings to about 43,124 BTC. The yield numbers track that pace. Strive reported ...