Cryptoasset gains supported the result, but the company must address financing for the note repurchase
Unconfirmed information: this report has not yet been verified by independent sources.
According to AMBCrypto, cryptoasset gains helped Trump Media post a profit of $410 million in the third quarter.
The publication said the company’s next challenge will be financing the repurchase of its debt notes. The article also examines Trump Media’s exposure to Bitcoin.
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5 updates · since November 5
Trump Media is preparing to sell some of its bitcoins — the company transferred~4259~BTC for about $344million on Crypto.com.
AMBCrypto: Trump Media’s Q3 profit reached $410 million · you are here
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