Strive’s $509 Million Quarter Rested on a $533.7 Million Bitcoin Mark-Up
Strive, Inc. reported $509.0 million of net income for the third quarter, and almost none of it came from running a business. The Dallas company earned $2.696 million in revenue between July and September. It recorded $533.7 million of unrealized gains on the bitcoin it holds. The mark-up was 198 times the revenue line and larger than the entire profit.