Trump Media Adds 1,510 Bitcoin in Q3, Holdings Reach 15,649 BTC
· 2 sources
Trump Media added a net 1,510 BTC in Q3 and now holds 15,649 Bitcoin worth $1.17 billion, Crypto News reports. Seeking Alpha notes a 24% share surge.
What happened
Trump Media & Technology Group (DJT) increased its Bitcoin treasury by a net 1,510 BTC in the third quarter, according to Crypto News. The company's total holdings now stand at 15,649 Bitcoin.
Crypto News puts the value of the treasury at $1.17 billion and says the company also reported $409.7 million in quarterly profit.
Seeking Alpha reports that DJT shares surged 24%, extending an upswing that followed the company's earnings release.
Context
Some publicly traded companies hold Bitcoin on their balance sheets as a treasury asset, so their results can be influenced by the value of the cryptocurrency.
Why it matters
The update shows how large the company's Bitcoin position has become alongside its reported quarterly profit, which may be relevant to how the market assesses DJT.
Stocks in this story
Price changes are shown for the trading day of the story and are a coincidence in time, not proof that the news caused them. Figures are ATLAS data from our database.
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