Trump Media’s first profit driven by Bitcoin gains
6.6 Investments Trump Media posted a $409.7M profit in Q3 2026, mainly from Bitcoin gains. Core operations remain unprofitable, and the company holds 15,649 BTC with a $476M unrealized loss.
Trump Media & Technology Group Corp reported its first quarterly profit since going public, achieving a net income of $409.7 million in Q3 2026. This marks a significant turnaround from a net loss of $54.8 million in the same period last year, primarily due to substantial gains in digital assets, particularly Bitcoin. At the end of September, the company held 15,649 BTC. Digital asset gains contributed $378.1 million, while related securities added about $60 million. Despite the headline profit, Trump Media posted an adjusted EBITDA loss of $12.3 million, indicating that its core operations are still cash-absorptive. Revenue rose to $3 million, up 205% year-over-year, driven by subscriptions and new product launches like Truth API. Legal expenses decreased, aiding cost management. The company’s net worth increase was largely attributed to cryptocurrency ventures, with $1.4 billion coming from such activities in 2025. The average cost per BTC is about $105,271, resulting in an unrealized loss of approximately $476 million as of the latest report.
