Foresight News
Foresight News|Nov 06, 2026 13:05
[Strive Q3 Financial Report: Net Profit of $509 Million, Unrealized Bitcoin Gains of $534 Million] According to Foresight News, citing SEC filings, Bitcoin treasury company Strive (Nasdaq: ASST) released its Q3 2026 financial report. Total revenue was $2.696 million, a 74.7% year-over-year increase, primarily due to revenue from the medical device business following the merger with Semler Scientific earlier this year. Net profit was $509 million, compared to a net loss of approximately $207 million in the same period last year, mainly from approximately $534 million in unrealized Bitcoin gains (non-cash). During the quarter, the company terminated a medical device R&D project, recognizing a $14.65 million impairment charge. As of September 30, cash and cash equivalents totaled $285 million. Regarding Bitcoin holdings, Strive purchased 8,136 Bitcoins at an average price of $78,885 in the third quarter, holding 28,000 Bitcoins as of September 30, with a fair value of approximately $2.34 billion. In terms of financing, in the third quarter, it sold 14.4 million Class A common shares through its ATM program, raising a total of $272 million, and sold 5.1 million SATA preferred shares, raising a total of $511 million. On October 20, it completed a public offering of 7 million SATS preferred shares, raising net proceeds of approximately $609 million.
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