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The post Trump Media’s Crypto Bet Implodes With Massive $406M Quarterly Loss appeared on BitcoinEthereumNews.com. Trump Media’s Crypto Bet Implodes With Massive $406M Quarterly Loss | Bitcoinist.com Sign Up for Our Newsletter! For updates and exclusive offers enter your email. Christian, a journalist and editor with leadership roles in Philippine and Canadian media, is fueled by his love for writing and cryptocurrency. Off-screen, he’s a cook and cinephile who’s constantly intrigued by the size of the universe. This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy. I Agree Source: https://bitcoinist.com/trump-medias-crypto-bet-implodes-with-massive-406m-quarterly-loss/
Read full articleAs the highly anticipated markup of the crypto market structure bill approaches, the White House’s top crypto advisor has slammed the banking industry’s CEOs amid efforts to reopen the stablecoin rewards debate. Related Reading: Trump Media’s Crypto Bet Implodes With Massive $406M Quarterly Loss ABA CEO Urges Banks To Block Stablecoin Rewards On Sunday, the […]
Trump Media & Technology Group’s stock now trades around $8.93. That number tells a story on its own. The parent company of Truth Social once peaked at $97.50 a share back in early 2022, and it has shed more than 90% of its value since then. Related Reading: Tether Ramps Up Wallet Freezes, Blocking Over […]
Trump Media’s $405.9 million net loss was driven mostly by unrealized losses on Bitcoin bought at last summer’s peak and Cronos tokens acquired through a Crypto.com deal.
Trump Media posted a $405.9M Q1 loss as Bitcoin and Cronos markdowns weighed on its crypto-heavy balance sheet.
