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AI summary of a third-party reportBullishNewsDesk

Strive buys 15,124 Bitcoin in October and nears top treasury ranks

The Bitcoin treasury company bought 15,124 BTC in October, taking its holdings to 43,124 BTC, and reported $509m in third-quarter net income, according to its earnings report.

Why it matters: Strive's buying adds to the corporate treasury demand for Bitcoin and puts it within a few hundred coins of the largest listed holders.

InvestIn.News NewsDesk · 1 min read
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Picture from Cointelegraph for: Strive buys 15,124 Bitcoin in October and nears top treasury ranks
Image: Cointelegraph
Original reporting: Nate Kostar, Cointelegraph

Key points

  • It trails second-place Metaplanet, which holds 44,000 BTC, by 877 BTC and third-place Twenty One Capital by 390 BTC.
  • Third-quarter net income was $509m, driven largely by $534m in unrealised Bitcoin gains.

BitcoinTreasuries.NET data cited by the outlet put Strive fourth among publicly traded corporate holders. It sits 390 BTC behind third-placed Twenty One Capital and would need another 877 BTC to pass second-placed Metaplanet, which holds 44,000 BTC, if neither adds to its stack.

Strive also raised about $609m in net proceeds from an October offering of its SATS perpetual preferred stock, which pays a 15% annual dividend, without saying how much would go to Bitcoin.

Third-quarter net income came in at $509m, largely on $534m of unrealised Bitcoin gains.

What to watch: No next step is reported; Strive gave no timeline for its banking, brokerage, DeFi, reinsurance or tokenisation plans.

Read the full story on Cointelegraph

Live updates on NewsFeeds:BitcoinDesk editor: Keshav Aggarwal (accountable for this page; this summary was not edited by hand)

How this was produced: an AI model wrote this summary of Cointelegraph’s report, which we credit and link above. Read our Editorial and AI policy. Spotted a mistake? See Corrections.

Not investment advice. Read the risk disclaimer.

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