$BTC 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 million in revenue, mostly from investment advisory fees and the medical device business it acquired through its January takeover of Semler Scientific.
Strive bought 8,136 BTC during the quarter to end the quarter with 28,000 BTC. It then scooped up another 15,124 BTC in October alone, bringing its current holdings to 43,124 BTC worth roughly $3.25 billion.
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 million in revenue, mostly from investment advisory fees and the medical device business it acquired through its January takeover of Semler Scientific.
Strive bought 8,136 BTC during the quarter to end the quarter with 28,000 BTC. It then scooped up another 15,124 BTC in October alone, bringing its current holdings to 43,124 BTC worth roughly $3.25 billion.
