Trump Media & Technology Group, the parent of Truth Social, reported about $409.7 million in quarterly income, driven largely by gains on its crypto holdings. The company's shares, however, still sit more than 94% below their March 2024 peak. The result shows how much the firm's bottom line has leaned on bitcoin's price moves rather than its core social media business.

Worth watching: how much of this profit depends on the market staying where it is.

#BTC

Source: https://decrypt.co/382967/trump-media-posts-410-million-profit-bitcoin-gains

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