Trump Media & Technology Group reported net income of $409.7 million in the third quarter, reversing a $238.1 million loss in the second quarter. Gains on digital assets and equity securities, totaling $496.1 million, drove the turnaround. The company recorded an unrealized gain of $200.8 million on 11,385.20 BTC pledged for its options strategy. Its next challenge is funding the potential repayment of up to $1 billion in convertible notes while preserving as much of its bitcoin as possible. Around 4,259 BTC were transferred to Crypto.com on November 5, and the notes’ repayment deadline is November 30.
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