Bitcoin treasury company Strive reported $509.0 million of third-quarter net income on November 6, 2026, and disclosed that its reserve had grown to 43,124 BTC by October 30. The figure is verified in the company’s quarterly SEC filing. The company acquired 8,136 bitcoin during the July–September quarter, bringing its September 30 holdings to 28,000 BTC, before buying another 15,124 BTC in October.

A corporate Bitcoin treasury accumulates cryptocurrency through purchases and financing rather than necessarily mining coins. Strive’s latest release updates earlier BitcoinVersus.Tech reporting on its 6,182-BTC October purchase. The 15,124-BTC total includes previously reported October transactions; it is not a separate 15,124-BTC purchase announced on November 6.

Bitcoin valuation gains drive the headline profit

Strive’s third-quarter earnings release reported $533.7 million in unrealized gains on digital assets, alongside roughly $2.7 million of revenue and $38.7 million of operating expenses. Unrealized gains arise from changes in the carrying value of held Bitcoin; they are not equivalent to revenue received from customers or cash realized through Bitcoin sales. The balance-sheet exposure can create equally substantial losses if Bitcoin prices decline.

GAAP net income attributable to common stockholders was about $474.8 million after $34.2 million in preferred dividends, lower than the $509.0 million consolidated net-income headline. Diluted earnings were $5.24 per common share. The distinction matters because preferred financing has claims on cash flows before common shareholders receive distributions.

15,124 BTC bought in October at roughly $83,310 each

Strive’s Form 10-Q says the October bitcoin purchases averaged approximately $83,310 per BTC, including fees and expenses. The company finished October with $490.4 million in cash and about $50.1 million in Strategy’s STRC preferred shares. A larger reserve can increase Bitcoin exposure per common share, but the outcome depends on capital issuance, acquisition prices and the future value of Bitcoin.

The company disclosed 18.5% quarterly and 63.2% year-to-September BTC Yield, plus 19.3% for October. BTC Yield is a company-defined measure related to changes in Bitcoin attributable to a diluted share; it is not interest paid in Bitcoin or an investor’s realized return. Readers can compare Strive’s evolving treasury with BitcoinVersus.Tech’s public-company Bitcoin treasury ranking.

Preferred stock makes the Bitcoin strategy more complex

Strive raised approximately $609 million net in October by issuing seven million shares of 15% Series A perpetual SATS preferred stock. The stated $100 per-share amount carries a 15% annual dividend rate, payable under the security’s governing terms when declared. The financing provided buying capacity, but preferred obligations, dilution and volatility can complicate returns to ordinary shareholders. BitcoinVersus.Tech previously examined Strive’s SATS offering and earlier purchases.

The new disclosures also highlight potential dilution: Strive issued approximately 5.33 million Class A shares during October for $157.5 million in gross proceeds. Management’s focus on Bitcoin per share seeks to offset issuance effects, but any improvement is contingent on future financing terms and market performance. Previous BitcoinVersus.Tech analysis of Bitcoin-treasury dilution and financing risk offers a broader comparison.

Strive’s reserve expansion is confirmed, and its quarterly accounting gain is significant. Neither development establishes a sustainable operating profit or guaranteed shareholder outperformance. Future SEC filings, dividend commitments and independently observable changes in Bitcoin held per diluted share will determine whether the treasury strategy delivers lasting value.

Editor’s Note: The November 6, 2026 SEC earnings exhibit and Form 10-Q establish third-quarter earnings, October acquisitions, 43,124-BTC holdings, preferred-share terms and subsequent financing. The Block’s November 6 coverage independently corroborates the earnings and treasury figures. Financial data come from company filings; forward-looking benefits and BTC Yield are not guarantees. The cover and CEO photograph are archival Fox Business imagery; the Nasdaq event photo is also archival. The official wordmark comes from Strive’s SEC exhibit. True North’s October 27 video provides historical discussion rather than new November 6 reporting. Embedded-player display and playback require independent checks.

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BitcoinVersus.tech is not a financial advisor. Bitcoin-treasury coverage is provided for informational purposes and is not a recommendation to buy or sell securities.