Trump Media Posts $410 Million Profit. Bitcoin Gains Did the Heavy Lifting
Summary
Trump Media reported a significant quarterly profit largely driven by cryptocurrency holdings. Despite this financial boost, the company's stock price continues to trade well below its earlier peak from March of last year.
Truth Social’s parent booked $409.7 million in quarterly income largely from crypto investments, even as its stock remained more than 94% below its March 2024 peak.
Source: Read the full story at Decrypt
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