Bitcoin
Trump Media Posts $410 Million Profit. Bitcoin Gains Did the Heavy Lifting
Trump Media earned $409.7 million in the third quarter, but revenue totaled just $3 million. Bitcoin and securities gains supplied most of the profit, reversing a $238 million second-quarter loss. DJT traded near $4.20 Tuesday, more than 94% below its March 2024 peak. Trump Media & Technology Group reported a $409.7 million third-quarter profit on Monday, a sharp turnaround for the company behind President Donald Trump's Truth Social. However, most of the money that Trump Media & Technology made didn't come from media or technology. It came from the rising value of its crypto holdings and related investments. The company...
Decrypt7 min read
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