Companies

Trump Media earns $410 million in Q3 on crypto holdings

Trump Media, which owns Truth Social, moved from a loss to a $409.7 million profit in the third quarter, helped by gains on its crypto and equity holdings. Its core business still ran at a loss.

Illustration: A boardroom table with papers and a presenter standing beside a blank screen, warm late light.
Illustration

Trump Media & Technology Group (DJT) reported a profit of $409.7 million for the third quarter. That reverses a loss of $238.1 million in the second quarter.

Gains on the crypto and equity holdings that caused most of the second-quarter loss drove the turnaround. The company's bitcoin holdings reached 15,649 BTC, and it recorded a $378 million digital asset gain.

Bitcoin$68,940down −17.05%over 1 month
$84,082$68,94314 Oct13 Nov

Prices by CoinGecko. Past moves say nothing about future ones.

The core business of the Truth Social parent still ran at a loss. That leaves its quarterly earnings tied to the prices of the assets it holds.

$1,000 in Bitcoin

Had you put $ into Bitcoin a month ago, it would be worth – now.

From the prices in the chart, before any fees or taxes. Not a suggestion to buy or sell.

GuideIs the stock market open today? Hours and holidays of the main exchanges

Published
Section
Companies
Markets
Bitcoin

This article is not investment advice. It was written by our automated newsroom from published reports and official statements, using only the facts in them, and not read by a person before it was published. Report a mistake

Back to the front page

More news

Illustration: A busy trading floor seen from behind, traders with hands on their heads, large screens printed in pink-red.Companies risingNvidia CEO Jensen Huang steps down amid affair allegationsNvidia co-founder Jensen Huang has resigned as chief executive after allegations of extramarital affairs, and the chip maker's shares fell. The episode raises questions about who will lead the AI chip leader and how far the fallout will spread.NVIDIAdown −26.60%1 monthIllustration: A desk covered with paper reports, a pen and a pair of glasses, seen from slightly above, with an emerald accent.CompaniesNakamoto's Q3 operating revenue turns negative on options lossNakamoto's operating revenue for the third quarter turned negative after an options loss. Its shares fell about 6% in premarket trading.Illustration: Confetti falling over a trading floor while small figures raise their arms, in pink, teal and yellow.CompaniesAnthropic IPO said to draw about six times demandAnthropic's planned IPO is said to be about six times oversubscribed, with $64.4 billion sought in a public listing. Interactive Brokers has opened access to the offering for European clients.Illustration: A row of paper-layered desks at eye level, each with a screen glowing red, chairs pushed back.CompaniesMicrosoft outage disrupts Outlook and Teams, shares fallA global Microsoft outage disrupted Outlook and Teams for more than a day, leaving users without email and chat. Microsoft shares fell while cybersecurity stocks gained, and the company was still working on a fix.Microsoftdown −2.33%1 monthIllustration: The columned front of a bank made of layered paper, with a crowd of small plain figures gathered on the steps and a padlocked chain across the entrance.CompaniesNew World Development halts shares and bonds amid rescue talkHong Kong developer New World Development suspended its shares and 14 bond issues on Friday while rescue speculation grew. The move leaves investors waiting for an announcement, and a new study points to stress in the city's stock market.New World Development Company Limiteddown −6.44%1 monthIllustration: A heavy wooden gavel resting on a block on a bare table, in bold carved black lines with a scarlet accent.CompaniesKalshi ends Donald Trump Jr. advisory deal over Polymarket tiesKalshi, a prediction market platform, has ended its advisory contract with Donald Trump Jr. over his ties to rival Polymarket. Louisiana's attorney general has also sued Kalshi and four other platforms.