Trump Media and Technology Group reported a $54.8 million loss in Q3 earnings, despite holding 11,542 Bitcoin. Revenues dropped to $972,900, with shares closing at $13.10. The company generated $15.3 million from Bitcoin options and $33 million in Cronos gains. CEO Nunes remains optimistic about future acquisitions.

Trump Media plans to buy up to $1 billion in Cronos through a digital asset treasury company in partnership with Crypto.com. The company’s financial assets have grown to $3.1 billion, but its stock has declined by 61% year-to-date. CEO Nunes is focused on long-term value for shareholders through strategic acquisitions.

Read more at Cointelegraph: Trump Media Reveals Bitcoin and Cronos Holdings Amid Q3 Loss