Bitcoin gains drive Strive to $474.8 million Q3 profit
AI summary
Strive reported a $474.8 million profit for the third quarter, driven by gains on its Bitcoin holdings. The company noted that its SATA and SATS instruments imply roughly $287.4 million in annual dividends at November rates and Oct. 30 share counts, a cost excluded from its Bitcoin Yield metric. Traders care because it shows a public company's Bitcoin exposure translating into large reported earnings, while the excluded dividend cost complicates how its yield should be read.
