Strive posted $474.8M in Q3 net income to common holders, almost entirely a $533.7M unrealized bitcoin gain, and touted 103.7% year-to-date outperformance versus bitcoin.
Strategy bought 811 bitcoin for $65.5 million and Strive added 124 BTC last week, with the two firms together adding 935 coins and Strategy now holding 849,327 BTC.
While CCC spreads blew out, Strive raised $700M for Bitcoin. CRO Jeff Walton explains what this signals for Bitcoin-backed preferred equity and rated capital.
Strive was one of the best performing stocks in the Russell 2000 over the past month, and Chief Risk Officer Jeff Walton says the company is on pace to double its Bitcoin holdings roughly every 12 weeks.