Trump Media (DJT) Stock: $1.3B Bitcoin Bet Can’t Stop Mounting Losses

TLDR Trump Media posted a $54.8 million Q3 loss, nearly triple the $19.3 million loss from the same period last year, with legal expenses hitting $20.3 million. The company holds 11,542 Bitcoin worth roughly $1.3 billion and generated $15.3 million from Bitcoin options trading. Quarterly revenue fell to $972,900 from over $1 million year-over-year, while [...]

The post Trump Media (DJT) Stock: $1.3B Bitcoin Bet Can’t Stop Mounting Losses appeared first on Blockonomi.