Strive posts $509M Q3 profit on Bitcoin gains and raises $609M via preferred stock
Strive (ASST) posted a $509 million Q3 profit, mostly from Bitcoin revaluation, after raising roughly $609 million via preferred stock.
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what happened
According to TradingView, Strive (ASST) brought in $2.7 million of revenue in the third quarter of 2026 and booked net profit of $509 million. Most of that profit, $533.7 million, came from unrealized revaluation of its Bitcoin holdings. Operating costs totaled $38.7 million.
In October the company netted about $609 million by issuing perpetual preferred shares that pay a 15% annual dividend. Strive also halted development of a medical device it had acquired from Semler Scientific and wrote off the related intangible asset in full.
HC Wainwright kept its Buy rating on the stock but lowered its price target from $42 to $40.
why it matters
Most of the reported profit is a paper gain tied to Bitcoin's price, so the company's earnings swing with the crypto market rather than with core operations. Funding through high-yield preferred stock adds fixed payout obligations that must be met regardless of results.
market impact
ASST and Bitcoin treasury stocks: earnings swing with Bitcoin's price through unrealized gains
tags
instruments
sources
- Key facts: Strive Reports Q3 Results; Raises $609M; Ends Device R&D — TradingView, 7 November 2026 at 08:00 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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