Trump Media Posts $410 Million Profit. Bitcoin Gains Did the Heavy Lifting

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10 Nov, 21:36
Source: Decrypt

AI Summary

Trump Media reported a $409.7 million quarterly profit largely driven by Bitcoin investment gains, though its stock remains significantly below previous highs.

Truth Social’s parent booked $409.7 million in quarterly income largely from crypto investments, even as its stock remained more than 94% below its March 2024 peak.