Trump Media Posts $410M Q3 Profit, Driven by $378M Bitcoin Gains

According to its SEC filing, Trump Media reported a $409.7 million third-quarter profit on Monday, with the turnaround largely fueled by its digital asset holdings. The company recorded $378.1 million in realized and unrealized gains on Bitcoin and pledged cryptocurrency, plus $118 million from securities investments.

Trump Media held approximately 15,649 Bitcoin at quarter-end, including around 11,385 coins pledged to generate additional returns. Bitcoin rose roughly 42% during the quarter, from approximately $59,000 at end-June to $84,000 at end-September. The company's core Truth Social business generated just $2.97 million in revenue, though that represented a 205% increase year-over-year.

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