Trump Media Posts $409.7 Million Q3 Profit Driven by Surging Bitcoin Holdings

Trump Media & Technology Group posted a third-quarter net income of $409.7 million, swinging from a $54.8 million loss a year earlier behind substantial cryptocurrency gains. Profitability was propelled by up to $496.1 million in digital asset and securities gains, including $378.1 million directly tied to digital assets as Bitcoin rallied from $59,000 to $84,000 during the quarter. Trump Media added a net 1,510 Bitcoins in Q3, expanding reserves to roughly 15,649 BTC. Despite revenue rising 205% year-over-year to $3.0 million, core operations posted an adjusted EBITDA loss of $12.3 million.