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 15-minute rise of 0.48%: Whale withdrawals and ETF fund flows work together to ease selling pressure
2026-03-31 13:45 to 14:00 (UTC), the BTC price ranged between 66,978.1 and 67,410.8 USDT, with the 15-minute return recording +0.48% and a range of 0.65%. During this time window, market attention increased, on-chain and exchange interaction activity intensified, and volatility characteristics became pronounced.
The main driving force behind this unusual move is whale large-capital withdrawal behavior from exchanges. On-chain data shows that whale wallets withdrew about $4.2 million worth of BTC within 10 minutes; in the past 24 hours, there were a total of 1,633 large BTC outflows, directly leading to the trading decline and increased market volatility.
GateNews2m ago
Bitcoin vs Gold and Silver: Why One Analyst Calls BTC a “Generational Wealth Machine”
A simple comparison between Bitcoin, gold, and silver has brought back an uncomfortable question for traditional investors. Three assets faced the same world events since 2011, yet the outcomes look completely different when the numbers are placed side by side.
That comparison starts with a
CaptainAltcoin3m ago
Bitcoin miner Bitfarms plans to sell $161 million worth of BTC and pivot to building AI infrastructure
Bitcoin mining company Bitfarms announced that it will move its registration to the United States and rename itself to Keel Infrastructure, focusing on digital infrastructure development. The new stock ticker KEEL will become effective on April 1. The company will pivot into a developer centered on power, plans to expand into power-constrained markets, and will invest its funding into high-performance computing and AI infrastructure.
GateNews17m ago
CoinDesk 20 performance update: Bitcoin Cash (BCH) gains 1.5% as index trades flat
CoinDesk Indices reports that the CoinDesk 20 Index is at 1911.41, up 0.1%. Thirteen of the 20 assets rose, with NEAR and BCH leading, while HBAR and XLM lagged. The index reflects global trading across various platforms.
CoinDesk18m ago
Downside risk remains as bitcoin nears record-tying six-month losing streak
Bitcoin is nearing a record of six consecutive monthly losses, with declines in October, November, and December. While current support levels are holding, macroeconomic factors and ongoing conflicts pose risks to recovery.
CoinDesk23m ago
