Strive's BTC Holdings Increase to 43,124 Coins, Valued at Over $3.25 Billion

Bitcoin treasury company Strive reported third-quarter net income of $509 million, including $533.7 million in unrealized gains on digital assets; operating revenue was $2.7 million, with operating expenses of $38.7 million.

On October 20, Strive completed a public offering of SATS preferred stock, issuing a total of 7 million shares, 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. (Bitcoin.com News)