Strive bought 15,124 BTC in October, strengthening its Bitcoin treasury strategy and moving closer to the sector’s largest Bitcoin holders. The company also raised approximately $609 million in net proceeds through an offering of SATS perpetual preferred stock, which pays a 15% annual dividend. It has not specified how much of the proceeds will be used to buy more BTC. In the third quarter, Strive reported $509 million in net income, driven largely by $533.7 million in unrealized Bitcoin gains. The company is also evaluating opportunities in banking, brokerage, decentralized finance, reinsurance and tokenization, without disclosing specific plans or timelines.
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