PANews November 10 News, according to Cointelegraph, the Bitcoin held by Trump Media & Technology Group is insufficient to support its balance sheet. Due to rising costs, the company’s Q3 financial report shows a loss of $54.8 million. The company revealed last Friday that its net loss for Q3 widened compared to $19.3 million in the same period last year. The company reported revenue of $972,900 for the quarter, down from over $1 million a year earlier. Trump Media’s stock price closed last Friday down 1.73% at $13.10, with a slight rebound after hours to $13.20.
Trump Media reported that as of September 30, it held 11,542 Bitcoin (valued at $1.3 billion at the time). The company first announced in late July that it would start purchasing Bitcoin and disclosed plans to increase holdings further while considering “acquiring other similar cryptocurrencies” in its earnings report. Trump Media realized $15.3 million from its Bitcoin options investments and recorded an unrealized gain of $33 million from holding over 746 million Cronos tokens.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitcoin Everlight: 4 Steps to Activate Shards and Stack Sats
Bitcoin is the most famous digital asset in the world. Most people think the only way to own it is by buying it or mining it with loud machines. A new platform called Bitcoin Everlight is changing that. It has built a simple way for anyone to help the Bitcoin network and earn real BTC rewards.
CryptoPotato1m ago
BlackRock CEO Larry Fink Receives $37.7 Million 2025 Compensation as Bitcoin ETF Becomes Key Revenue Driver
BlackRock increased CEO Larry Fink’s total compensation to $37.7 million for 2025, a 23% rise from the prior year, as the firm’s iShares Bitcoin Trust (IBIT) generated $174.6 million in sponsor fees and contributed to a record year of asset growth.
CryptopulseElite19m ago
BNP Paribas Launches Six Bitcoin and Ethereum ETNs for French Retail Clients under MiFID II Framework
BNP Paribas, France’s largest bank, will debut six cryptocurrency exchange-traded notes (ETNs) tied to Bitcoin and Ethereum on its platform starting March 30, 2026, offering French retail investors indirect exposure to digital assets without requiring direct ownership of the underlying coins.
CryptopulseElite33m ago
Bitcoin approaches the $60,000 mark? The escalating conflict between the U.S. and Iran suppresses BTC's trajectory.
Against the backdrop of rising tensions in the Middle East, the price of Bitcoin is fluctuating downward, currently around $66,966, down 47% from its historical peak. Market sentiment is cautious, with retail investors on the sidelines while institutional funds continue to flow in. Rising oil prices and geopolitical tensions are affecting Federal Reserve policy, increasing downward pressure on Bitcoin. Analysts predict that if tensions persist, the price may test the $60,000 support level, while conversely, there is a chance to return above $70,000. The U.S. employment data will also be a key influencing factor.
GateNews45m ago
