According to Woofun AI, Trump Media and Technology Group (Trump Media and Technology Group) achieved net profit of $409.7 million in the third quarter of this year, completely reversing a loss of $54.8 million in the same period last year. This sharp reversal was mainly due to non-cash realized and unrealized gains from its digital asset portfolio.
Deconstructed from the business structure, cryptocurrency holdings are the core engine of the profit explosion. As of the end of September, the company held approximately 15,649 BTC, of which approximately 11,385 were included in the “Bitcoin Yield Management Plan” to obtain additional revenue.
According to data compiled by Woofun AI, although traditional revenue recorded only $3 million (+205% year over year), the Truth API service contributed $1.8 million in subscription increases. The paid real-time data service has attracted institutional customers such as Bloomberg, Susquehanna International Group, and Jump Trading to track trending accounts including President Donald Trump.
At the capital operation level, the merger process with nuclear fusion energy company TAE Technologies has accelerated. The total share consolidation transaction is valued at over US$6 billion, and shareholders of both parties will each hold approximately 50% of the shares in the new entity. With the US Securities and Exchange Commission's approval of Form S-4 on November 5, the shareholder vote scheduled for December 14 has been given a regulatory green light. Interim CEO Kevin McGann confirmed that as long as regulatory requirements are met and authorized, the merger is expected to be completed before the end of the year, with the aim of involving global investors in the energy development process. Trump Media & Technology Group (DJT.US) shares rose 1.75% to close at $4.06 on Monday, and rose another 1.5% in after-hours trading.