Strive Adds 15,124 BTC, Expanding Its Bitcoin Treasury

Strive, a Bitcoin treasury company, reported third-quarter net income of $509 million, according to Cointelegraph. The company also disclosed that it purchased 15,124 BTC during October, taking its total holdings to 43,124 BTC.

The acquisition expands Strive’s Bitcoin exposure as corporate treasury firms continue accumulating the asset. The purchase and holdings total were disclosed in the same company update as the company’s quarterly profit figure, although the supplied coverage provides no breakdown of its assets, liabilities, or the accounting behind the reported net income.

Bitcoin was trading at $75,718 at the time of the market snapshot. The largest cryptocurrency was down 0.39% over 24 hours and 1.75% over seven days, with a market capitalization of $1.52 trillion. Its slightly weaker short-term performance came against a broader crypto market that was essentially flat.

The broader market was valued at $2.61 trillion, while the Fear & Greed Index stood at 28, placing sentiment in the “Fear” range. Strive’s growing position makes the scale of its accumulated Bitcoin relevant when assessing corporate exposure to the asset, alongside future treasury disclosures and the performance of those holdings. No immediate market prediction follows from the reported figures.