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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