Trump Media reported a net loss of $20 million in Q2, and plans to launch a utility token and digital asset ETF
2025-08-04 01:39:00
Trump Media, the parent company of Truth Social, posted a net loss of $20 million in Q2, and its share price fell 3.8%. About $15 million of that was legal fees related to the SPAC merger. The company bought $2 billion in Bitcoin in July and is currently the fifth largest listed Bitcoin holder in the world. It plans to launch a utility token tied to Truth Social and Truth +. In addition, its digital asset ETF plan has been submitted to the SEC, and the review has been postponed until September 18.
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