Strive Reports $509 Million Q3 Profit and Grows Its Holdings to 43,124 BTC

Strive Reports $509 Million Q3 Profit and Grows Its Holdings to 43,124 BTC

Strive has reported its third-quarter results: net profit came in at $509 million. The company's holdings have grown to 43,124 BTC, The Block reports.

Corporate demand for bitcoin continues even during the drawdown. In our view, Strive's report shows this well.

Where the profit came from

The main contribution came from bitcoin's revaluation. Unrealized gains on BTC for the quarter exceeded $533.7 million, and diluted earnings per share came to $5.24.

This is a paper profit. The company did not sell any coins, and if the price falls, the revaluation will turn negative just as easily.

How much bitcoin Strive holds

In October alone the company bought almost twice as much as in the entire third quarter. The holdings valuation reflects a market price of about $75,000 per coin, not the average purchase price.

Rank among public companies

With 43,124 BTC, Strive ranks fourth among public companies. Ahead of it are Strategy, Metaplanet and Twenty One.

The company is 876 BTC short of second place. Given its October buying pace, the gap looks small.

How Strive pays for bitcoin

In October the company raised about $609 million through a SATS offering. It also has another sales program worth $1 billion.

A BTC yield of 18.5% for the quarter means growth in the amount of bitcoin per diluted share. We believe this metric matters more to shareholders right now than the paper profit.

ASST shares trade at around $20.20. CEO Matt Cole calls bitcoin Strive's hurdle rate: the company compares every decision with simply buying BTC.

What this means for the market

From what we see, corporate buying supports demand precisely in phases when retail is cautious. Strive grew its holdings by more than one and a half times in a single month.

For a trader, reports like this are a backdrop, not a signal. Large purchases go through OTC desks and rarely move spreads between exchanges directly.

Our tools

Corporate demand sets the backdrop, while real price gaps in bitcoin only become visible when you see all the exchanges at once. Our arbitrage screener keeps dozens of venues in one window, refreshes quotes every second and shows each gap together with the volume actually behind it. The spread calculator helps you check what survives fees, network costs and slippage at your size. The bot is fully manual. It never connects to your exchange API keys.

To test the tools on a live market, ArbitrageScanner offers one day of free access to the whole ecosystem.

FAQ (Frequently Asked Questions)

1. How much bitcoin does Strive hold?

After its October purchases, Strive holds 43,124 BTC worth about $3.25 billion.

2. What profit did Strive report for the third quarter?

Net profit was $509 million, with diluted earnings per share of $5.24. The main contribution came from an unrealized BTC revaluation of more than $533.7 million.

3. Where does Strive rank among public bitcoin holders?

Fourth, after Strategy, Metaplanet and Twenty One. It is 876 BTC short of second place.

4. What is Strive's BTC yield?

The growth in the amount of bitcoin per diluted share over a period. For the third quarter, Strive's was 18.5%.

Conclusion

Strive closed the third quarter with a $509 million profit and 28,000 BTC, and in October it grew its holdings to 43,124 BTC. The company is now fourth among public holders and 876 BTC away from second place.

Corporate demand continues even during the drawdown. But the profit here is on paper, and for valuing the company, BTC yield and the price at which it raises money matter more.

IMPORTANT! We are software developers. We do not give recommendations or promises of earnings and we do not advise you to invest your money anywhere. Our software is fully manual, all your money stays under your own control. We show examples of how our clients have earned on arbitrage in the past, but we do not advise repeating those actions one to one. Your earnings depend solely on your own actions and on market factors.