Add as a preferred source on GoogleTrump Media Posts $409.7 Million Q3 Profit, Holds About 15,649 Bitcoin
Most earnings came from realized and unrealized gains tied to digital assets and related securities, largely noncash.
Trump Media & Technology Group posted $409.7 million in net profit for the third quarter, reversing a $54.8 million net loss a year earlier, while reporting about 15,649 Bitcoin (BTC) at the end of September.
The profit was driven mainly by realized and unrealized gains on digital assets, staked digital assets and related securities. Most of those gains were noncash, meaning they were recorded without a corresponding cash receipt.
At quarter end, the Bitcoin balance showed one part of the company’s crypto exposure; the profit reflected gains across a broader set of digital assets and related securities.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.