What Trump Media’s $410M Q3 Profit Reveals About Its Bitcoin Exposure
Key Highlights: Trump Media reported $409.7 million in Q3 profits, driven by $107.5 million in unrealized crypto gains and $118 million in equity gains. The company utilized proceeds from selling a portion of its BlackRock iShares Bitcoin Trust ETF (IBIT) stake to purchase 4,359 Bitcoin during the quarter. Convertible noteholders may demand cash repayment on ...