According to ME News, on November 7 (UTC+8), Bitcoin reserve company Strive reported a net profit of $509 million for the third quarter, including $533.7 million in unrealized gains from digital assets; operating income amounted to $2.7 million, while operating expenses totaled $38.7 million.
Strive completed its public offering of Series A preferred shares in SATS on October 20, issuing 7 million shares and raising approximately $609 million in net proceeds and approximately $630 million in gross proceeds, with an annual dividend rate of 15%.
Strive purchased an additional 124 BTC after October 30. As of November 2, the company holds 43,124 BTC, valued at over $3.25 billion.
Strive stated that it is evaluating business opportunities in banking, brokerage services, decentralized finance, reinsurance, asset-backed securities, and tokenization. (Source: ODAILY)
Strive Increases BTC Holdings to 43,124, Valued at Over $3.25 Billion
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Summary
Strive, a Bitcoin reserve company, announced a BTC update on November 2, revealing holdings of 43,124 BTC valued at over $3.25 billion. The company reported a Q3 net profit of $50.9 million, including $53.37 million in unrealized gains from digital assets. Strive raised $630 million through a preferred stock offering and is exploring opportunities in banking, DeFi, and tokenization. Today’s BTC news highlights the firm’s ongoing expansion into multiple crypto-related sectors.
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