Strive Reports Third-Quarter Net Profit of $509 Million, Holds 28,000 BTC

TechFlow reported that on November 6, according to an SEC filing submitted by Strive (Nasdaq: ASST), the company's third-quarter 2026 revenue was $2.696 million, a year-over-year increase of 74.7%; net income was $509 million, compared to a loss of approximately $207 million in the same period last year. The profit this quarter was primarily driven by unrealized Bitcoin gains of approximately $534 million.

In the third quarter, Strive purchased 8,136 BTC at an average price of $78,885 per coin. As of September 30, the company held 28,000 BTC, with a fair value of approximately $2.34 billion.

The company raised approximately $783 million through combined issuances of common and preferred stock during the quarter, and completed another preferred stock issuance in October, generating net proceeds of approximately $609 million.