The $23.6 million operating loss is Unchained's calculation excluding a $378.1 million digital-asset gain, which the 10-Q books inside operating results, while revenue came to $3.0 million.
The post Bitcoin Gains Lift Trump Media to a Q3 Profit as Operations Lose $23.6 Million appeared first on Unchained.
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Bitcoin price action and stock futures trended lower after Fed governor Christopher Waller said that he would vote to raise interest rates by 0.25% at the December FOMC meeting.
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Noteholders can demand up to about $1 billion in cash on November 30, while much of the company's disclosed bitcoin was committed to an options strategy.
US spot Bitcoin ETFs shed $201 million Monday, with seven straight sessions of net withdrawals from BlackRock’s IBIT totaling $1.66 billion.
HYPE gained 1.4% in a 35-minute window around the announcement, outpacing bitcoin, as Upbit prepared to open three trading pairs.
