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AI summary of a third-party reportNeutralNewsDesk

Trump Media reports $410m quarterly profit on Bitcoin gains

Trump Media & Technology Group posted a $410m third-quarter profit as its crypto holdings rose in value, though revenue was just $2.97m, its SEC filing shows.

Why it matters: Trump Media's swing from a $238m loss to a $410m profit rests on Bitcoin's price, showing how crypto exposure now drives the earnings of a listed media company.

InvestIn.News NewsDesk · 1 min read
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Picture from Decrypt for: Trump Media reports $410m quarterly profit on Bitcoin gains
Image: Decrypt
Original reporting: Jose Antonio Lanz, Decrypt

Key points

  • Trump Media recorded $496m in realised and unrealised gains on digital assets, pledged crypto and equity securities in the quarter to 30 September.
  • It held about 15,649 Bitcoin at quarter-end, of which roughly 11,385 were pledged to a returns programme.
  • The company reported a $12.3m adjusted EBITDA loss and a $234m net loss for the first nine months of 2026.

Trump Media & Technology Group reported a $410m third-quarter profit on 9 November, Decrypt reports, driven mainly by gains on its Bitcoin holdings rather than its media business. The company, which owns Truth Social, took in just $2.97m in revenue in the three months to 30 September, according to its SEC filing, against a $54.8m loss a year earlier.

Digital assets and pledged coins accounted for $378m of that, with securities adding $118m, though derivative losses and other costs offset part of the total.

Trump Media held about 15,649 Bitcoin at quarter-end, including some 11,385 coins pledged to a programme meant to generate extra returns. In the second quarter it lost $238m as crypto values fell.

Truth Social's own business grew from a small base, with revenue up 205% on subscriptions to Truth+ streaming and Truth API, plus advertising and Truth.Fi fund fees. Even so, adjusted EBITDA was a $12.3m loss. DJT traded near $4.20 on 10 November, down 94.7% from its 2024 peak, and the company has lost $234m in the first nine months of 2026.

What to watch: Holders of Trump Media's $1bn in convertible notes can demand cash repayment on 30 November, ahead of a shareholder vote on the TAE Technologies merger scheduled for 14 December.

Read the full story on Decrypt

Live updates on NewsFeeds:BitcoinDesk editor: Keshav Aggarwal (accountable for this page; this summary was not edited by hand)

How this was produced: an AI model wrote this summary of Decrypt’s report, which we credit and link above. Read our Editorial and AI policy. Spotted a mistake? See Corrections.

Not investment advice. Read the risk disclaimer.

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