IP Strategy reports Q3 EPS $16.97 vs. ($160.41) last year

IP Strategy (IPST), which calls itself “the first company to adopt a treasury reserve policy centered on the $IP token powered by the Story AI-native blockchain network,” announced its third quarter financial results for the period ended September 30. The company reports net income of $196.26M for Q3, resulting from a gain in Fair Value of Intangible Digital Assets of $245.84M. “Management cautioned that fair value gains and losses must be evaluated each period and could result in large swings of token valuations and resulting fair value gains or losses for any particular period,” the company stated. Net income per share of $16.97 per share in Q3 compares to ($160.41) in Q3 2024. “With $196.3 million in net income, the third quarter was a transformative period for IP Strategy. During the quarter we successfully completed our $223.8 million PIPE offering focused on the $IP token, from which we acquired 53.2 million $IP tokens, and then launched our industry-leading validator operations using those same tokens to increase net revenues by 69.9%, all while eliminating all secured debt and preparing our transition to becoming an asset light, high-margin enterprise. Notable in this filing is the removal of past going concern reservations, which is attributable to our improved balance sheet, reduced expenses and the addition of the new high-margin revenue from our validator operations,” said CEO Justin Stiefel.