Update
Strive Reports $509M Q3 Profit
Bitcoin treasury company Strive reported a $509 million third-quarter profit, driven by gains in its cryptocurrency holdings. The company added more than 15,000 Bitcoin since September, bringing its total holdings to 43,000 Bitcoin as of October 30. Strive's quarterly BTC Yield was 18.5%, and its year-to-date yield was 63.2%. The company's operating businesses generated just $2.7 million in revenue, highlighting its reliance on Bitcoin appreciation for profitability.