TLDR
- Trump Media boosts assets to $3.1B with $2B Bitcoin buy, posts $20M loss.
- $2B Bitcoin move makes Trump Media a crypto giant despite $20M Q2 loss.
- Trump Media’s $2B Bitcoin bet fuels asset surge, legal costs weigh heavy.
- Bitcoin treasury lifts Trump Media assets to $3.1B, but losses persist.
- Trump Media expands platforms, bets big on Bitcoin, faces $20M Q2 loss.
Trump Media & Technology Group Corp. (DJT) dropped 3.81% during regular trading hours on August 1, closing at $16.92. After hours, the stock saw a slight recovery, rising 0.47% to $17.00.
Trump Media & Technology Group Corp. (DJT)
Trump Media & Technology Group Corp. reported second-quarter assets of $3.1 billion, driven mainly by its Bitcoin treasury initiative. The company secured nearly $2.4 billion through a private placement, enabling the purchase of about $2 billion in Bitcoin and related securities. However, despite the asset growth, the firm posted a net loss of $20 million for the quarter.
Bitcoin Treasury Fuels Asset Expansion
The company achieved significant liquidity growth by raising funds from approximately 50 institutional participants for its Bitcoin strategy. This move positioned Trump Media among the most critical public firms holding Bitcoin. Moreover, the strategy aims to provide indirect cryptocurrency exposure while enhancing financial resilience and supporting expansion plans.
Management stated that the Bitcoin treasury supports investment income and strengthens protection against debanking risks. It also enables more flexibility in funding new products and acquisitions. The accumulation occurred in July 2025, shortly after the funding round’s completion.
Trump Media views cryptocurrency holdings as a long-term strategic asset. The company plans to integrate them into broader financial service initiatives, which aligns with its objective of solidifying control over operational resources.
Operational Progress and Platform Expansion
Trump Media achieved its first positive operating cash flow, recording $2.3 million from operating activities. This milestone comes as the company expands its Truth Social and Truth+ platforms globally. The Truth+ streaming service is now available in most countries through dedicated applications.
The Patriot Package subscription for Truth+ remains in public beta testing. It offers features including automatic verification on Truth Social and plans for advanced posting tools. Future integration will allow subscribers to use a planned digital wallet for payments and rewards.
The company is also developing an artificial intelligence feature for Truth Social. This is part of its broader push to improve user experience. At the same time, unity between platforms are expected to increase engagement.
Financial Results and Legal Costs
Revenue for the quarter rose 6% year-on-year to $0.9 million. However, legal expenses related to the company’s 2024 SPAC merger reached about $15 million. The firm attributes these costs to litigation seeking damages from parties accused of delaying the deal.
Non-cash expenses totaled $20.5 million, primarily from stock-based compensation, depreciation, and interest. These were partially offset by unrealized investment income. The company indicated that resolving litigation could significantly improve future financial performance.
Trump Media continues to pursue multiple ETF registrations, including cryptocurrency-focused products. These developments align with its strategy to expand into fintech services. Management maintains that the company’s liquidity and asset growth will support ongoing product rollouts and acquisitions.
