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
Bitunix Analyst: US and Japan May Be Planning Joint Intervention, Rate Cut Expectations Fluctuate Again
Market focus shifts to exchange rates and interest rates. The U.S. Treasury Department has proactively initiated a "currency check" to support the yen, possibly related to uncertainties before the Japanese general election. Meanwhile, divergence in Federal Reserve policy paths and labor market performance will influence rate cut expectations. In the crypto market, BTC prices fluctuate, and attention should be paid to how the macro environment affects liquidity flows.
GateNewsBot3m ago
Data: In the past 24 hours, the entire network has liquidated $375 million, with long positions liquidated at $291 million and short positions at $83.7468 million.
In the past 24 hours, the total liquidation amount across the entire network reached $375 million, with long positions liquidated at $291 million and short positions at $83.7468 million. Both Bitcoin and Ethereum experienced significant liquidations, affecting a total of 124,467 people. The largest single liquidation was $2.9532 million.
GateNewsBot3m ago
Bitcoin has fallen for five consecutive months, dropping below $63,000 again.
The cryptocurrency market continues to be sluggish, with Bitcoin falling below $63,000 and the panic index at an extreme fear level. Global stock markets have declined due to AI and geopolitical risks, while precious metals are favored. Tensions between Trump and Iran have escalated, and new tariff policies have triggered market panic, boosting risk aversion. Analysis indicates that the Bitcoin market needs to restore demand, and liquidity is expected to gradually recover.
TechubNews12m ago
Bitcoin payments are being adopted in real-world scenarios, with Satlantis entering the event ticketing market through the Lightning Network.
February 24 News, Web3 company Satlantis officially launched a Bitcoin-based live event ticketing platform, supporting direct ticket payments via the Lightning Network, while also being compatible with traditional payment methods such as bank cards and cash. This further promotes the practical application of Bitcoin payments in real-world commercial scenarios. The model aims to reduce payment costs and improve settlement efficiency, providing event organizers and crypto users with more flexible payment options.
Unlike traditional ticketing systems that rely on banks and third-party payment processors, Satlantis has built its core architecture on the Lightning Network, enabling near-instant confirmation and extremely low fees for Bitcoin micro-payments. Users can choose Bitcoin payments just like selecting a debit card when purchasing tickets. The built-in Lightning wallet can complete transactions within seconds, significantly optimizing the daily Bitcoin payment experience and the usability of crypto payments.
GateNewsBot12m ago
Satlantis Brings Native BTC Payments to Live Events
Satlantis has launched a ticketing platform enabling BTC payments through the Lightning Network, enhancing everyday Bitcoin utility while allowing fiat transactions. This system reduces fees, speeds up transactions, and attracts crypto users, paving the way for broader real-world Bitcoin adoption.
Coinfomania16m ago
Bitcoin Treasury Company Empery Digital shareholders publicly demand the CEO's resignation and the liquidation of all BTC
Empery Digital's major shareholder Tice P. Brown rejected the management's share buyback proposal, accusing it of being aimed at consolidating the CEO's position rather than protecting shareholders' interests. He demanded that CEO Ryan Lane resign and sell the company's Bitcoin assets to return funds to shareholders. The company currently holds approximately 4,081 Bitcoins, valued at about $258 million.
GateNewsBot16m ago
