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Trump Media & Technology Group Discloses $1.3B Bitcoin Investment in Q3 Earnings

Trump Media & Technology Group disclosed a $1.3 billion Bitcoin investment in its third-quarter earnings released on November 10, BlockBeats reports. The company reported a quarterly loss of $54.8 million compared to $19.3 million in the prior-year period, with revenue of $972,900 versus over $1 million a year earlier. The firm realized $15.3 million in gains from Bitcoin options investments and holds over 746 million Cronos tokens with an unrealized gain of $33 million.
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