The headline figure is a profit of $409.7 million, but the detail missing from the headlines is the net addition of just 1,510 $BTC in the third quarter.

First, after this addition, Trump Media’s treasury reached 15,649 bitcoin, worth $1.17 billion. That is the size of the entire position, not what was added during the quarter.

Second, the reported quarterly profit was $409.7 million, a large figure compared with the net addition of 1,510 coins. In other words, headlines focused on the dollars, while the actual movement in the portfolio was much smaller.

Third, the available figures mention only profit and treasury size, and do not explain how that profit is divided between sales, unrealized gains, and other activity. This is uncertain and worth following up on in the full report.

If the company continues buying at this pace, its treasury allocation may change over time, but 1,510 coins in a single quarter do not by themselves mark a shift.

The takeaway worth remembering: track the net addition each quarter, not the large cumulative figure.

What price do you expect $BTC to reach by the end of Q4? 👇

#Bitcoin #Treasury

This content is for informational purposes only and is not financial advice.

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