Trump Media & Technology Group, parent of Truth Social, reported a $409.7 million net income in Q3 2026, driven mainly by Bitcoin price gains rather than its core operations. The company holds about 15,649 Bitcoin and 7 million shares of a Bitcoin ETF, which led to significant non-cash gains as Bitcoin's price rose from $59,000 to $84,000 during the quarter. Despite a 205% increase in core revenue to $3 million, the operating business still recorded a $12.3 million loss. Investors should note that future profits depend heavily on Bitcoin's price movements, while the company’s new products show some growth potential. A shareholder meeting on a merger with TAE Technologies is scheduled for December 14, 2026.
Trump Media's Q3 profit driven by Bitcoin gains provides context for readers. For those following the cryptocurrency market, as of Nov 10, 2026 08:02 WIB, 38 of 50 major cryptocurrencies on Pluang rose while 11 fell. Among notable movers, THETA gained 4.16% to Rp2.577 with 100% buy orders, COMP rose 3.73% to Rp366.180, and AXS increased 3.43% to Rp14.747, showing varied investor interest and hold times from 63 to 99 days.
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