Strive Q1 Financial Report: Net loss of $265.9 million, Bitcoin holdings at 15,009 tokens

Foresight News reports that US-listed Bitcoin treasury company Strive has released its first quarter financial report. GAAP net loss was $265.9 million, with 96.6% resulting from the decline in fair value of Bitcoin; total revenue was $2.76 million; as of May 12, Bitcoin holdings stood at 15,009, and total cash and cash equivalents amounted to $87.6 million. In addition, Strive will begin paying daily dividends on its SATA preferred shares starting June 16, while maintaining the annualized dividend rate at 13%.