PANews November 10 News, according to Cointelegraph, the Bitcoin held by Trump Media & Technology Group is insufficient to support its balance sheet. Due to rising costs, the company’s Q3 financial report shows a loss of $54.8 million. The company revealed last Friday that its net loss for Q3 widened compared to $19.3 million in the same period last year. The company reported revenue of $972,900 for the quarter, down from over $1 million a year earlier. Trump Media’s stock price closed last Friday down 1.73% at $13.10, with a slight rebound after hours to $13.20.
Trump Media reported that as of September 30, it held 11,542 Bitcoin (valued at $1.3 billion at the time). The company first announced in late July that it would start purchasing Bitcoin and disclosed plans to increase holdings further while considering “acquiring other similar cryptocurrencies” in its earnings report. Trump Media realized $15.3 million from its Bitcoin options investments and recorded an unrealized gain of $33 million from holding over 746 million Cronos tokens.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
BTC briefly drops below $69,000
Jinse Finance reported that BTC briefly fell below $69,000, currently trading at $69,492.81, with a 24-hour decline of 2.2%. The market is experiencing significant volatility, please manage risk accordingly.
金色财经_28m ago
Lombard Partners with Bitwise to Activate $500 Billion in Institutional Custody BTC for Yields and Collateralized Lending
Lombard and Bitwise Asset Management announced a partnership at the New York Digital Asset Summit to launch an institutional-grade BTC collateral lending solution that combines DeFi lending with real-world assets. The initiative aims to launch in 2026 and targets coverage of $500 billion in BTC assets while mitigating multiple risk categories.
金色财经_32m ago
Lombard and Bitwise Launch Institutional BTC Custody Yield Solution, Targeting $500 Billion in Assets Under Management
On March 24, Lombard and Bitwise Asset Management announced a partnership at the New York Digital Asset Summit to launch a non-custodial BTC collateralized lending solution targeting $500 billion in institutional custodied BTC assets. The solution combines DeFi lending with real-world assets to reduce risk and is scheduled for launch in Q2 2026.
GateNews41m ago
Lombard taps Bitwise to offer Bitcoin yield and lending to institutional custody
Lombard, a company building Bitcoin-based lending infrastructure, will team with Bitwise Asset Management to enable institutions to earn yield and borrow against Bitcoin (BTC) without moving assets out of
Cointelegraph1h ago
SoraVentures-backed DV8 acquires Rakkar Digital, becomes Southeast Asia's first licensed Bitcoin company
DV8, under Sora Ventures, acquires Thailand's digital asset custodian Rakkar Digital and will become Southeast Asia's first bitcoin asset management company to obtain a compliant license. The acquisition aims to leverage Rakkar Digital's compliance license to further expand the Asian market, accelerate the compliance process, and reduce cross-border operational risks, while strengthening corporate governance and market position.
ChainNewsAbmedia1h ago
