Trump's company earns $410 million from cryptocurrency ventures

Traders Union
All News
Crypto
Trump's company earns $410 million

All news

Top Stories

Editors' Picks

Stocks

Crypto

Economics

Currencies

Commodities

Business & Wealth

Market Voices

Eugene Komchuk

10.11.2026

Trump's company earns $410 million from cryptocurrency ventures — Trump's crypto profits are growing

Trump Media & Technology Group (TMTG), the company behind the Truth Social platform, ended the third quarter of 2026 with a net profit of nearly $410 million. The positive financial result was driven primarily by cryptocurrency transactions and gains from the revaluation of digital assets.

According to its financial report, Trump Media recorded net income of $409.7 million, compared with a net loss of $54.8 million in the same period last year.

The company explained that most of its profits came from realized and unrealized gains on digital assets, including pledged holdings, as well as equity securities. However, a significant portion of these gains was non-cash.

According to Chief Financial Officer Phillip Juhan, Trump Media held approximately 15,649 BTC at the end of September. Of that amount, around 11,385 BTC were allocated to its Bitcoin Yield Management Program, designed to generate additional returns on the company's cryptocurrency reserves.

Despite the sharp increase in profits, the company's revenue remains relatively modest. In the third quarter, revenue reached $3 million, up 205% year over year. Most of the growth came from Truth API, which generated $1.8 million.

Launched in August, Truth API provides institutional clients with paid real-time access to posts from popular Truth Social accounts, including those of U.S. President Donald Trump. Its customers include Bloomberg, Susquehanna International Group, and Jump Trading.

Trump Media prepares for $6 billion merger

Alongside the expansion of its cryptocurrency operations, Trump Media is continuing preparations for a merger with TAE Technologies, a company developing nuclear fusion technology.

The companies announced their merger plans in December 2025. The all-stock transaction, valued at more than $6 billion, would leave shareholders of each company owning approximately 50% of the combined business.

On November 5, the U.S. Securities and Exchange Commission (SEC) declared the Form S-4 registration statement related to the transaction effective. A shareholder vote is scheduled for December 14, with the merger expected to close by the end of 2026.

Trump Media's interim CEO, Kevin McGurn, confirmed that the company remains on schedule. According to him, the merger will give stock market investors access to the promising energy technology sector.

During Monday's trading session, Trump Media shares (DJT) rose 1.75% to close at $4.06. The stock gained another approximately 1.5% in after-hours trading.

Trump's cryptocurrency earnings raise questions

The cryptocurrency businesses of Donald Trump and his family are facing growing scrutiny from U.S. lawmakers. Democrats believe the president may be using his political influence for personal financial gain, while companies linked to him could benefit from decisions made by his administration. Particular attention has focused on the World Liberty Financial crypto platform and the TRUMP memecoin. Senators Elizabeth Warren and Richard Blumenthal have already initiated inquiries into potential conflicts of interest, foreign investments, and financial ties involving the president's cryptocurrency ventures.

Following the Democrats' victory in the U.S. midterm congressional elections, the prospect of large-scale investigations has become more likely. According to the Associated Press, Democratic lawmakers intend to examine the sources of income of Trump, his family, and affiliated companies, including cryptocurrency transactions. On November 5, Senator Blumenthal demanded that World Liberty Financial and other parties involved in the inquiries provide documents by January 4, 2027, warning of possible enforcement measures. Republicans and the White House reject the corruption allegations and argue that the planned investigations are politically motivated.

As a reminder, Trump Media investors' losses have exceeded $2.2 billion.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.