Trump Media posts $406M quarterly loss as crypto bets turn sour

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.
Source: Trump Media posts $406M quarterly loss as crypto bets turn sour (https://cointelegraph.com/news/trump-media-posts-406m-quarterly-loss-as-crypto-bets-turn-sour?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound)