Trump Media & Technology Group reported a net profit of $410 million in the third quarter, driven primarily by gains from crypto assets.
According to the latest financial report released by Trump Media and Technology Group, the company posted a net profit of $409.7 million in the third quarter of this year, turning a profit compared to a net loss of $54.8 million in the same period last year. The company stated that the significant surge in profit was primarily driven by non-cash realized and unrealized gains from digital assets, staked digital assets, and equity securities. As of the end of September, the company held approximately 15,649 Bitcoins, of which about 11,385 had been staked in its "Bitcoin Yield Management Program" to generate returns.
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