On November 10, 2026, Golden Finance reported monitoring by on-chain analyst Yu Jin (EmberCN) of Trump Media’s latest earnings conference call. The call, as summarized in that report, put the company’s bitcoin holdings at 15,649 BTC, valued at about $1.17 billion.
That stack is larger than the second-quarter position by 1,510 BTC. The added coins were valued at about $113 million. The figures describe a change in the size of one corporate holding between two reporting points. They do not, on their own, show why the coins were bought or how the wider market was trading at the time.
Trump Media’s blended average cost is about $105,271 per BTC. Against that cost, the position was showing an unrealized loss of about $476 million. An unrealized loss is an accounting mark versus the stated cost basis. It is not a completed sale, and the report does not tie the gap to forced selling, liquidations, or broader fund flows.
Bitcoin that had earlier moved to Crypto.com, and that markets had been watching, was not a sale. The company increased its BTC holdings instead. A transfer and a disposal are different events; here the reported direction of the treasury was an increase, not an exit.
These are one company’s disclosed coins, cost, and mark as relayed on November 10, 2026. They do not establish a cycle top or bottom, and they are not a forecast.
Original report: Golden Finance, published November 10, 2026 at 11:20 (UTC+8). The item cites Yu Jin’s monitoring and this post: https://x.com/EmberCN/status/2119989126045036617.
