# Trump Media Swings to $410 Million Profit on Surging Bitcoin Treasury *Crypto · Crypto Desk · Published 2026-11-10T09:24:54Z* Canonical: https://amk.news/article/trump-media-swings-to-410-million-profit-on-surging-bitcoin-treasury > Trump Media and Technology Group reported a third-quarter net income of $409.7 million, reversing a previous year loss through significant cryptocurrency gains. The company's Bitcoin holdings have reached 15,649 BTC, valued at approximately $1.17 billion as of the latest filings. ## Key points - Trump Media and Technology Group reported a third-quarter net income of $409.7 million on November 10, 2026, reversing a previous year loss. - Trump Media and Technology Group increased its corporate treasury by adding 1,510 Bitcoin during the third quarter. - Trump Media and Technology Group holds a total of 15,649 BTC valued at approximately $1.17 billion according to the latest disclosures. - Trump Media and Technology Group generated $3 million in operational revenue during the third quarter following the launch of the Truth API. Trump Media and Technology Group (TMTG) reported a third-quarter net income of $409.7 million on November 10, 2026, driven primarily by gains from its substantial Bitcoin treasury. This result represents a significant financial turnaround for the company, which reported a net loss of $54.8 million during the same period last year. According to the latest financial disclosures, the company’s digital asset strategy was the primary catalyst for the surplus, with $378 million in gains attributed specifically to its cryptocurrency holdings. The company aggressively expanded its digital footprint throughout the third quarter, adding 1,510 Bitcoin to its reserves. This acquisition brings the total treasury to 15,649 BTC, which is currently valued at roughly $1.17 billion. While the core business revenue tripled to $3 million following the launch of the Truth API and new streaming subscription services, the vast majority of the quarterly profit was derived from the appreciation of its crypto assets rather than operational income. _Watch: Trump Media posts $410M Q3 profit on crypto holdings #Shorts — Pulse Crypto_ > Trump Media and Technology Group reported a net income of $409.7 million in Q3, compared with a net loss of $54.8 million a year earlier, driven by a $378 million gain in digital assets. ## How did Bitcoin impact Trump Media's quarterly earnings? Trump Media and Technology Group utilized a treasury management strategy that heavily favored Bitcoin, allowing the company to post its first-ever quarterly profit despite relatively low operational revenue. The $409.7 million net income was fueled by the appreciation of the company's 15,649 BTC, effectively reversing the downward trend seen in the second quarter when similar holdings had previously weighed on the balance sheet. This volatile shift highlights how the company's valuation has become increasingly tied to the performance of the broader cryptocurrency market. ## What are the current Bitcoin holdings for Trump Media? Trump Media and Technology Group now holds a total of 15,649 BTC in its corporate treasury after acquiring an additional 1,510 Bitcoin during the third quarter. This treasury is currently valued at approximately $1.17 billion, providing the company with significant liquid capital as it navigates upcoming financial obligations. The Bitcoin Foundation and other industry trackers noted that these holdings rose even as the company managed complex financial maneuvers, including preparations for a debt put and the repayment of convertible notes. _Gold Physical Bitcoins (Image: Wikimedia Commons)_ ## How is the core Truth Social business performing? Trump Media and Technology Group saw its operational revenue triple to $3 million during the third quarter, a growth spurt attributed to the rollout of the Truth API and the introduction of new streaming content. While this represents a sharp increase in percentage terms, the revenue from these business units remains a small fraction of the company's total $410 million profit for the period. Analysts from Cryptopolitan and other outlets have questioned whether the company’s long-term sustainability is now more dependent on Bitcoin price action than the actual growth of its social media and streaming platforms. The company’s shift toward a crypto-heavy balance sheet mirrors moves made by other major technology firms that have sought to hedge against inflation or diversify reserves. However, the scale of the profit relative to the $3 million in sales underscores the unique position of TMTG as a **publicly traded proxy for Bitcoin**. As the year draws to a close, investors are closely watching how the company manages its 15,649 BTC amid shifting market conditions and the evolving regulatory landscape for digital assets. ### Market Snapshot AssetPrice24hMarket Cap Bitcoin BTC$74,321+0.13%$1494.6B Ethereum ETH$2,102-0.40%$256.8B BNB BNB$688.2+1.06%$90.5B XRP XRP$1.09-0.64%$69.0B Solana SOL$85.29-1.45%$50.4B Dogecoin DOGE$0.0697+0.86%$10.9B Cardano ADA$0.179+2.07%$6.7BLive data: CoinGecko — 2026-11-10 09:23 UTC --- Source: AMK News (https://amk.news). Reuse requires attribution and a link to the canonical URL.