Strive (ASST) Stock Slides Despite Strong Earnings and Growing Bitcoin Stack

TLDR Strive (ASST) stock fell about 2% to $20.19 in early Friday trading. The company reported $509 million in Q3 net income, driven by $533.7 million in unrealized Bitcoin gains. Strive bought 15,124 BTC in October and now holds 43,124 BTC. It sits fourth among public corporate holders and needs about 877 BTC to pass Metaplanet. Strive ended October with $490.4 million in cash after a $609 million preferred stock raise. Strive (ASST) stock slipped about 2% to $20.19 in early trading Friday. The drop came right after a big third-quarter profit report . Strive, Inc., ASST The company posted $509 million in net income for the quarter. Paper gains on its Bitcoin did the heavy lifting. Unrealized Bitcoin gains reached $533.7 million.

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