MARA and Trump Media Book Third-Quarter Profits on a Bitcoin Price That Has Since Fallen

MARA earned $632.1 million and Trump Media $409.7 million in the third quarter, mostly from crypto gains marked at a $83,556 bitcoin price that has since fallen about 10%. Two of the best-known US companies holding bitcoin reported large third-quarter profits on Monday, November 9, and in both cases the profit came mainly from the rising value of their crypto rather than from their businesses. Bitcoin miner MARA Holdings reported net income of $632.1 million, and Trump Media & Technology Group, the owner of Truth Social, reported net income of $409.7 million. Those results capture prices at September 30.