Trump Media Posts $20M Loss Amid $2B Bitcoin Move

- Reports $20 million Q2 2025 net loss due to $15 million in legal fees. - Discloses $2 billion Bitcoin holdings and plans for utility token and ETFs. On August 3, 2025, Trump Media & Technology Group (TMTG), the parent company of Truth Social, announced its Q2 2025 financial results, reporting a $20 million net loss for the quarter. Approximately $15 million of this loss stemmed from legal fees tied to its prolonged merger with a special purpose acquisition company (SPAC). Despite the quarterly loss, TMTG reported a notable milestone with its first-ever positive operating cash flow of $2.3 million, while revenue rose by 5.5% year-over-year to $883,300. The company also highlighted a significant surge in its financial assets, which reached approximately $3.1 billion—a remarkable 800% increase compared to the prior year. This growth was largely fueled by a $2.4 billion private placement offering designed to finance its strategic expansion into Bitcoin and related securities. As of July 2025, TMTG disclosed it holds an impressive $2 billion in Bitcoin, a move that establishes the company as one of the largest public holders of the cryptocurrency. Aligning with its growing involvement in the crypto space, the company revealed plans to launch a utility token integrated within its product ecosystem. Initially, the token will facilitate subscription payments for its streaming service, Truth+, and the company plans to expand its use to cover other services within the “Truth ecosphere.” In addition to the utility token, TMTG announced its intention to launch digital asset exchange-traded funds (ETFs), signaling a deeper commitment to cryptocurrency adoption and diversification. These initiatives aim to position the company as a leader in digital asset innovation while offsetting challenges in other operational areas. The financial disclosure sparked a 3.8% decline in Trump Media’s stock price (DJT), as investors reacted to the company's ongoing legal expenses and its bold but risky crypto strategy. As of August 3 at 21:09 UTC, Bitcoin (BTC) was trading at $114,436.40, with a 1.535% change in 24-hour trading volume, according to the latest market data.