Home Trump Media Posts $55M Loss Despite $1.3B Bitcoin Bet

Trump Media Posts $55M Loss Despite $1.3B Bitcoin Bet

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Trump Media Posts $55M Loss Despite $1.3B Bitcoin Bet | 3verseTV
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Trump Media and Technology Group reported a third-quarter loss of $54.8 million, despite holding Bitcoin worth $1.3 billion. The firm behind Truth Social saw its losses widen from $19.3 million a year ago as costs climbed, with revenues slipping to $972,900.

The company held 11,542 Bitcoin as of September 30 and earned $15.3 million from Bitcoin options, alongside $33 million in unrealized gains from its Cronos token holdings. CEO Devin Nunes said the firm’s “massive Bitcoin treasury” secures its financial future and supports expansion efforts.

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Written by
Kapil Rajyaguru -

Kapil Rajyaguru is a news editor at 3.0 TV with over 15 years of professional writing experience and more than four years dedicated to the cryptoverse.

An engineer by education and a writer by passion, Kapil brings a rare mix of technical insight and storytelling finesse. A firm believer that cryptocurrencies, blockchain and AI are the building blocks of the future, he crafts in-depth news and analysis to educate, empower and prepare the masses for the next frontier of Web3.

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