Bitcoin treasury company Strive released its Q3 2026 financial results, reporting total revenue of $2.696 million, a 74.7% year-over-year increase, and net income of $509 million, compared to a net loss of approximately $207 million in the same period last year. The net income primarily came from $534 million in unrealized Bitcoin gains. During the quarter, the company terminated a medical device development project, recognizing a $14.65 million impairment charge. As of September 30, cash and cash equivalents totaled $285 million.
Strive purchased 8,136 Bitcoins at an average price of $78,885 in the third quarter, and held 28,000 Bitcoins as of September 30, with a fair value of approximately $2.34 billion.
In terms of financing, in the third quarter, the company raised $272 million by selling 14.4 million Class A ordinary shares through the ATM program and $511 million by selling 5.1 million SATA preferred shares; on October 20, it completed a public offering of 7 million SATS preferred shares, raising net proceeds of approximately $609 million.
