Trump Media & Technology Group added a net 1,510 Bitcoin during the third quarter, raising its total holdings to approximately 15,649 coins, according to a November 9 filing with the U.S. Securities and Exchange Commission.
Chief Financial Officer Phillip Juhan reported during an earnings call that the company acquired 4,359 BTC in Q3, partially funded through sales of its Bitcoin exchange-traded fund holdings. The acquisitions formed part of a cryptocurrency treasury restructuring initiated in July. As of September 30, the holdings were valued at $1.31 billion based on Bitcoin closing near $83,500. However, with Bitcoin trading at $74,450 on November 10, the market value of the position stands at approximately $1.17 billion.
Trump Media recorded $409.7 million in net income for the third quarter, reversing a $54.8 million loss from the same period last year. The profit was primarily driven by $496.1 million in net realized and unrealized gains from digital assets and securities, offsetting $54 million in derivatives losses and operating expenses. Quarterly revenue rose 205% year-over-year to $3 million, supported by $1.8 million from its Truth API and Truth+ services, alongside management fees from Truth.Fi. Adjusted EBITDA remained negative at $12.3 million.
The company also disclosed that 11,385 BTC were pledged under its Bitcoin Yield Management Program to generate income via institutional covered options, exposing the assets to counterparty credit risk. Separately, 4,260.73 BTC serve as collateral for convertible notes subject to a November 30 cash redemption option.
Additionally, Trump Media retains seven million shares of BlackRock’s iShares Bitcoin Trust as it advances its proposed merger with fusion energy firm TAE Technologies, following SEC registration approval on November 5. Shareholder voting for the transaction is scheduled for December 14.
