Trump Media reported a loss of $54.8 million in the third quarter, with Bitcoin holdings valued at approximately $1.3 billion.
The financial report for Trump Media Technology Group in the third quarter showed a loss of $54.8 million, an increase from $19.3 million in the same period last year. The revenue for the quarter was $972,900, down from over $1 million in the same period last year. The company's stock price closed down 1.73% last Friday, at $13.10, but rebounded to $13.20 in after-hours trading. As of September 30, Trump Media held 11,542 Bitcoins, valued at approximately $1.3 billion. The company announced in late July that it began purchasing Bitcoin and plans to increase its holdings while considering acquisitions of other cryptocurrencies. Its Bitcoin options investment generated a profit of $15.3 million, with over 746 million Cronos recording an unrealized gain of $33 million.
