Strive Reports $509M Quarterly Profit as Bitcoin Buying Accelerates

TL;DR: Strive reported $509 million in third-quarter GAAP net income and said it purchased 8,136 BTC during the quarter, followed by another 15,124 BTC between October 1 and October 30. Its financing structure and accounting gains matter as much as the headline accumulation figures. Bitcoin treasury company Strive has released a new set of numbers showing how rapidly its balance sheet has changed. In its November 6 third-quarter results, the Nasdaq-listed business reported $509 million in GAAP net income for the three months to September 30, alongside a large expansion of its Bitcoin position. Strive said it acquired 8,136 BTC during the quarter and 20,373 BTC over the first nine months of 2026. It then bought another 15,124 BTC from October 1 through October 30. These are company-reported acquisition numbers, not an independent estimate of the market’s available Bitcoin supply. Accumulation is only one side of the treasury story The company reported $490.4 million in cash and cash equivalents as of October 30, plus a $50.1 million fair-value position in Strategy’s STRC preferred shares. It also closed an offering of seven million SATS preferred shares on October 20, reporting roug...