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More >Today 2025-11-10
05:21
[Trump Media Reports $54.8 Million Loss in Q3, Bitcoin Holdings Valued at Approximately $1.3 Billion] Trump Media & Technology Group's Q3 financial report shows a loss of $54.8 million, an increase from the $19.3 million loss in the same period last year. Revenue for the quarter was $972,900, down from over $1 million in the same period last year. The company's stock closed down 1.73% last Friday at $13.10, but rebounded to $13.20 in after-hours trading. As of September 30, Trump Media held 11,542 Bitcoins, valued at approximately $1.3 billion. The company announced in late July that it had begun purchasing Bitcoin and plans to increase its holdings while also considering acquiring other cryptocurrencies. Its Bitcoin options investments generated a profit of $15.3 million, and its holdings of over 746 million Cronos recorded an unrealized gain of $33 million.