Trump Media reports $409.7 million Q3 profit as Bitcoin holdings surge

Trump Media & Technology Group posted a third-quarter profit of $409.7 million, reversing a $238 million loss in the previous quarter, according to the company’s latest SEC filing. The sharp turnaround primarily stemmed from significant gains in the value of its digital assets, particularly Bitcoin , rather than revenue from its media business, Truth Social. During the three months ended September 30, Trump Media generated just $2.97 million in revenue. Most of the third-quarter profit came from $496.1 million in realized and unrealized gains on digital assets, pledged crypto, and equity securities. Of these, digital assets and pledged coins contributed $378.1 million, with securities accounting for the remaining $118 million.

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