PANews reported on November 10th that, according to Cointelegraph, Trump Media Technology's Bitcoin holdings are insufficient to support its balance sheet due to rising costs, resulting in a $54.8 million loss in its third-quarter earnings report. The company revealed on Friday that its third-quarter net loss widened from $19.3 million in the same period last year. The company reported revenue of $972,900 for the quarter, down more than $1 million from a year ago. Trump Media's stock closed down 1.73% on Friday at $13.10, before recovering slightly in after-hours trading to $13.20. Trump Media reported that as of September 30, it held 11,542 bitcoins (then valued at $1.3 billion). The company first announced its Bitcoin purchases in late July and disclosed plans to further increase its holdings in its financial reports, while also considering "acquiring other similar cryptocurrencies." Trump Media realized $15.3 million in gains from its Bitcoin options investments and recorded $33 million in unrealized gains from holding over 746 million Cronos.PANews reported on November 10th that, according to Cointelegraph, Trump Media Technology's Bitcoin holdings are insufficient to support its balance sheet due to rising costs, resulting in a $54.8 million loss in its third-quarter earnings report. The company revealed on Friday that its third-quarter net loss widened from $19.3 million in the same period last year. The company reported revenue of $972,900 for the quarter, down more than $1 million from a year ago. Trump Media's stock closed down 1.73% on Friday at $13.10, before recovering slightly in after-hours trading to $13.20. Trump Media reported that as of September 30, it held 11,542 bitcoins (then valued at $1.3 billion). The company first announced its Bitcoin purchases in late July and disclosed plans to further increase its holdings in its financial reports, while also considering "acquiring other similar cryptocurrencies." Trump Media realized $15.3 million in gains from its Bitcoin options investments and recorded $33 million in unrealized gains from holding over 746 million Cronos.
Trump Media reported a $55 million loss in the third quarter, with Bitcoin holdings estimated at approximately $1.3 billion.
PANews reported on November 10th that, according to Cointelegraph, Trump Media Technology's Bitcoin holdings are insufficient to support its balance sheet due to rising costs, resulting in a $54.8 million loss in its third-quarter earnings report. The company revealed on Friday that its third-quarter net loss widened from $19.3 million in the same period last year. The company reported revenue of $972,900 for the quarter, down more than $1 million from a year ago. Trump Media's stock closed down 1.73% on Friday at $13.10, before recovering slightly in after-hours trading to $13.20.
Trump Media reported that as of September 30, it held 11,542 bitcoins (then valued at $1.3 billion). The company first announced its Bitcoin purchases in late July and disclosed plans to further increase its holdings in its financial reports, while also considering "acquiring other similar cryptocurrencies." Trump Media realized $15.3 million in gains from its Bitcoin options investments and recorded $33 million in unrealized gains from holding over 746 million Cronos.
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
Stablecoin demand is growing, and it can push down interest rates: Fed’s Miran
Federal Reserve Governor Stephen Miran argued that stablecoins’ potential multi-trillion dollar growth over the next five years will help push down interest rates. A growing demand for US dollar-tied crypto stablecoins could help push down the interest rate, says US Federal Reserve Governor Stephen Miran.The Donald Trump-appointed Miran told the BCVC summit in New York on Friday that the dollar-pegged crypto tokens could be “putting downward pressure” on the neutral rate, or r-star, that doesn’t stimulate or impede the economy.If the neutral rate drops, then the central bank would also react by dropping its interest rate, he said.Read more
Share
Coinstats2025/11/10 11:01
The U.S. Senate formally passed a new continuing appropriations bill.
PANews reported on November 10th that the US Senate formally passed a new continuing appropriations bill, which will provide government funding until January 30th to end the government shutdown. All votes have been counted: 60 in favor and 40 against.
Share
PANews2025/11/10 11:50
Bitcoin Faces Selling Pressure as Long-Term Whales Cash Out
Long-term Bitcoin whales increase market selling pressure by liquidating substantial holdings. On-chain indicators reveal high-value transactions, reflecting continuous Bitcoin distribution trends. Continue Reading:Bitcoin Faces Selling Pressure as Long-Term Whales Cash Out The post Bitcoin Faces Selling Pressure as Long-Term Whales Cash Out appeared first on COINTURK NEWS.
Share
Coinstats2025/11/10 11:18