Strive Posts $509 Million Q3 Net Income

The bitcoin treasury company reported third-quarter 2026 results and an October stock offering that raised about $609 million.

Updated on Nov. 6, 2026 in Public Companies

Strive, Inc. reported GAAP net income of $509.0 million for the quarter ended September 30, 2026, and acquired 8,136 bitcoin during that period. The company also completed a registered public offering of SATS Stock on October 20, 2026, for net proceeds of approximately $609.0 million.

Why it matters

The results reflect how a company holding a large bitcoin treasury reports earnings tied to digital asset holdings and recent capital raises. Strive stated its treasury management strategy delivered a strong bitcoin yield year to date in 2026.

Strive reported $5.24 in fully diluted net income per share and $5.46 in non-GAAP adjusted net income per diluted share for the quarter. As of October 30, 2026, the company held $490.4 million in cash and cash equivalents.

The players

Strive, Inc.

Strive, Inc. is a company that holds a bitcoin treasury and trades its common stock as SATS on the Nasdaq Global Market.

The details

Strive, Inc. reported results for the three months ended September 30, 2026, and said it acquired 8,136 bitcoin in that quarter and 15,124 more from October 1 through October 30, 2026. The company's SATS Stock trades on the Nasdaq Global Market under the symbol SATS.

January 1 through September 30, 2026: Strive acquired 20,373 bitcoin in the nine-month period.
October 20, 2026: Strive completed its $609.0 million SATS Stock public offering.
November 6, 2026: Strive announced its third-quarter 2026 financial results.

Market Landscape

Public companies holding bitcoin on their balance sheets have increasingly reported earnings that move with digital asset valuations and raised equity to fund further purchases. Strive's quarter fits that pattern of treasury-driven accumulation funded by share offerings.

Shareholders in SATS Stock now have a reported figure of $5.24 in fully diluted net income per share for the third quarter. The October offering increased the company's cash position, which stood at $490.4 million as of October 30, 2026.

The takeaway

Reported earnings for bitcoin treasury companies can shift sharply with digital asset prices and fundraising activity. Readers comparing these companies should look at both operating results and the value of holdings reported in each filing.