The Holdings That Sank Trump Media in Q2 Lifted It to a $410 Million Profit in Q3

Trump Media & Technology Group (DJT) earned $409.7 million in Q3, reversing a $238.1 million loss in Q2. Gains on the crypto and equity holdings behind most of that Q2 loss drove the turnaround. The Truth Social parent’s core business still ran at a loss. That leaves its quarterly earnings swinging with the prices of assets on its balance sheet. How Much of Trump Media’s $410 Million Came From Its Business? Net gains on digital assets, pledged digital assets, and equity securities reached $496.1 million, the company’s earnings release shows. Digital assets, including pledged ones, contributed $378.1 million of that total. At quarter-end, the company held 4,264 BTC and had pledged another 11,385 BTC for its options strategy. Trump Media values these holdings at market prices each quarter.

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