What Trump Media’s $410M Q3 profits reveal about its Bitcoin exposure
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Trump Media & Technology Group is in the news today after reporting a $409.7 million Q3 profit, reversing a $238.1 million loss in Q2. Gains on digital assets and equity securities drove the turnaround. At the time of writing, DJT traded at $4.10, with its shares closing at $4.06 on 9th November, up 1.75% before the earnings release. What drove Trump Media’s Q3 profit? Trump Media recorded $496.1 million in combined gains on digital assets and equity securities. The largest contribution was a $200.8 million unrealized gain on Bitcoin [BTC] pledged for its Options strategy. By quarter-end, the company had pledged 11,385.20 BTC for that strategy. Another $107.5 million came from unrealized gains on Bitcoin and Cronos [CRO] holdings. Equity securities added about $118 million in realized and unrealized gains.
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