Trump Media posted a third-quarter net profit of $409.7 million, driven by Bitcoin gains.
Crypto Briefing called it “a quarter driven by Bitcoin gains,” distinguishing the source of profits from growth in its core business.
· Reliance on Bitcoin for profits means price fluctuations flow directly through to reported results
· This figure is net profit, but the report did not break out how much came from Bitcoin gains
When next quarter’s results are reported, would you want to see changes in the book value of its Bitcoin holdings or revenue from its core business first?
$BTC
Crypto Briefing called it “a quarter driven by Bitcoin gains,” distinguishing the source of profits from growth in its core business.
· Reliance on Bitcoin for profits means price fluctuations flow directly through to reported results
· This figure is net profit, but the report did not break out how much came from Bitcoin gains
When next quarter’s results are reported, would you want to see changes in the book value of its Bitcoin holdings or revenue from its core business first?
$BTC
