Trump Media adds 1,510 Bitcoin in Q3 as treasury reaches $1.17B

Trump Media & Technology Group has increased its Bitcoin holdings by a net 1,510 BTC during the third quarter, bringing its total to approximately 15,649 coins as cryptocurrency prices fall below their September levels. Summary Trump Media’s Bitcoin holdings reached 15,649 BTC after a net increase of 1,510 coins in Q3. CFO Phillip Juhan reported purchasing 4,359 BTC during the quarter, partly funded through Bitcoin ETF sales. Trump Media pledged approximately 11,385 BTC to an options-based yield program involving institutional counterparties. The company’s third-quarter net income reached $409.7 million, largely supported by digital asset valuation gains. Trump Media retained seven million IBIT shares while pursuing its proposed merger with TAE Technologies. According to the company’s November 9 SEC filing, the holdings were valued at approximately $1.31 billion on September 30. At a Bitcoin price of $74,450 on November 10, the same holdings would be worth roughly $1.17 billion, excluding the company’s separate investment in BlackRock’s iShares Bitcoin Trust. Trump Media buys 4,359 Bitcoin during third quarter During Monday’s earnings call, Chief Financial Officer Phillip Juhan...