Bitcoin News

Story: Trump Media Posts $55 Million Q3 Loss as Bitcoin Bet Hits $1.3 Billion

By Pankaj K

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Widening Losses Despite Growing Crypto Holdings. According to TMTG’s Q3 earnings report, the company’s losses deepened from $19.

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A Massive Bitcoin Treasury. Trump Media disclosed that as of September 30, it held 11,542 Bitcoin, which it began purchasing…

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Profits from Bitcoin and Cronos Investments. Beyond Bitcoin, Trump Media also disclosed significant exposure to Cronos (CRO) — the native token…

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Plans to Acquire Up to $1 Billion in Cronos. Trump Media’s crypto ambitions extend beyond Bitcoin.

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CEO Devin Nunes: “We’ve Secured Our Financial Future”. In a statement accompanying the earnings report, Devin Nunes, the CEO and president of Trump…

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Stock Performance Remains Under Pressure. Despite its aggressive push into crypto and strong balance sheet growth, Trump Media’s stock price…

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A Bold Gamble on Crypto-Fueled Growth. Trump Media’s deepening investment in Bitcoin and Cronos underscores its commitment to becoming a…

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Trump Media and Technology Group (TMTG), the parent company of Truth Social, reported a $54.

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According to TMTG’s Q3 earnings report, the company’s losses deepened from $19.3 million in the same period last year to $54.

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Revenue for the quarter came in at $972,900, slightly below the $1 million reported a year earlier. Shares of Trump Media (DJT) closed down 1.73% on Friday at $13.

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While the company’s investment in Bitcoin generated notable gains, the profits weren’t enough to offset its operational losses.

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The firm said in July that it adopted Bitcoin as part of a broader digital asset strategy to diversify its balance sheet and strengthen its financial position.

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Beyond Bitcoin, Trump Media also disclosed significant exposure to Cronos (CRO) — the native token of the Cronos blockchain. The company reported $15.

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At the end of September, Cronos was trading around $0.18, valuing the company’s holdings at more than $134 million.

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This dual investment strategy — combining Bitcoin and other blockchain assets — marks a major shift in the company’s approach to financial diversification.

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