This is completely absurd: Trump Media reported $410M in profit on just $3M in revenue 🤯

Where did the rest of the money come from? Bitcoin. Trump Media holds about 15,649 BTC (news sites highlighted the 1,510 BTC it added last quarter). The company’s CFO said Bitcoin’s price rose about 42% during those three months, and the company’s income statement shows that about $378M of its profit came from Bitcoin’s price increase. The statement also said most of the profit wasn’t cash: it was a paper gain, not money earned from the business.

This same asset can cause losses just as quickly. According to Yahoo Finance data, the company lost $238M in the previous quarter when the prices of its crypto and shares fell. The company is still down $234M for the first 9 months of 2026.

So a headline about profits could actually be a headline about Bitcoin’s price, too. When results depend on an asset’s price fluctuations, big profits don’t tell you much about the business’s own condition.

Next time you see news about big profits, look into where they came from.

Do you do that?

Experience, not financial advice.

BTCUSDT