Trump Media Books $409.7 Million Profit on Bitcoin Marks and Signals a Tighter Treasury Regime

Trump Media & Technology Group booked $409.7 million of net income in the quarter ended Sept. 30, reversing a $54.8 million loss a year earlier, and the profit came from the balance sheet rather than from the business. In the Form 10-Q it filed on Nov. 9, and in the accompanying earnings release , the company put the bulk of the result down to $496.1 million of non-cash gains on digital assets, pledged digital assets and equity securities. Revenue for the quarter was $3.0 million.