๐ฐ Headline:
โTrump Media Loses $55 M in Q3 โ But Its Bitcoin Bet Hits $1.3 Bโ
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๐ Short Summary:
Trump Media & Technology Group reported a US$ 54.8 million loss in Q3, despite holding 11,542 BTC (โ US$ 1.3 billion at recent prices).
Their revenue fell to just under $1 million, and the share price is down ~61% YTD.
They also have huge ambitions for Cronos โ planning up to US$ 1 billion in purchases (โ 6.3 trillion tokens) via a treasury strategy.
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