The post Trump Media Loss Deepens as Crypto Gains Cushion Blow appeared on BitcoinEthereumNews.com. Trump Media posted a $54.8 million Q3 loss despite gains from crypto assets. The firm holds 11,542 Bitcoin worth about $1.3 billion and 746 million Cronos tokens. Trump Media and Technology Group reported accumulating losses in the third quarter, despite the cryptocurrency investments yielding certain positive returns. The mother company of Truth Social reported a net loss of $54.8 million, which is almost three times the loss of $19.3 million in the same period last year. The revenue has been reduced to $972,900 compared to more than one million dollars earlier, which reflects operational issues despite the ambitious acquisition of digital assets. Cryptocurrency Holdings Show Mixed Results By the end of September, the company had amassed 11,542 Bitcoin, which was worth about $1.3 billion at the time of the market prices. The trading of Bitcoin-related options generated realized income of $15.3 million, which is a relief given the broader operational losses. Also, Trump Media owns more than 746 million Cronos tokens, which earned it $33 million unrealized gains as the blockchain asset was trading at around $0.18. The company management is still positive regarding expansion strategies, and its CEO, Devin Nunes, states that the presence of cryptocurrency holdings has guaranteed the financial stability of the organization. Trump Media acquired companies with high capital of $1.5 billion in stock sales and $1 billion in convertible bonds. Its Bitcoin buying program was introduced in May after the company had planned the move earlier in the year. Trump Media Group’s CRO Strategy was a partnership with Crypto.Com that aimed to purchase up to $1 billion of Cronos tokens, which is equivalent to more than 6.3 trillion units. The management emphasized two quarters of positive operating cash flow and digital asset income as a way of positioning to make possible acquisitions. Investor sentiment is… The post Trump Media Loss Deepens as Crypto Gains Cushion Blow appeared on BitcoinEthereumNews.com. Trump Media posted a $54.8 million Q3 loss despite gains from crypto assets. The firm holds 11,542 Bitcoin worth about $1.3 billion and 746 million Cronos tokens. Trump Media and Technology Group reported accumulating losses in the third quarter, despite the cryptocurrency investments yielding certain positive returns. The mother company of Truth Social reported a net loss of $54.8 million, which is almost three times the loss of $19.3 million in the same period last year. The revenue has been reduced to $972,900 compared to more than one million dollars earlier, which reflects operational issues despite the ambitious acquisition of digital assets. Cryptocurrency Holdings Show Mixed Results By the end of September, the company had amassed 11,542 Bitcoin, which was worth about $1.3 billion at the time of the market prices. The trading of Bitcoin-related options generated realized income of $15.3 million, which is a relief given the broader operational losses. Also, Trump Media owns more than 746 million Cronos tokens, which earned it $33 million unrealized gains as the blockchain asset was trading at around $0.18. The company management is still positive regarding expansion strategies, and its CEO, Devin Nunes, states that the presence of cryptocurrency holdings has guaranteed the financial stability of the organization. Trump Media acquired companies with high capital of $1.5 billion in stock sales and $1 billion in convertible bonds. Its Bitcoin buying program was introduced in May after the company had planned the move earlier in the year. Trump Media Group’s CRO Strategy was a partnership with Crypto.Com that aimed to purchase up to $1 billion of Cronos tokens, which is equivalent to more than 6.3 trillion units. The management emphasized two quarters of positive operating cash flow and digital asset income as a way of positioning to make possible acquisitions. Investor sentiment is…