Trump Media Group Losses for Third Consecutive Quarter, Bitcoin Gains Overcome High Expenses
2025-11-07 22:23:23
Trump Media & Technology Group (DJT), which is backed by the US president and listed on Nasdaq and NYSE Texas, posted a net loss of $54.80 million in the third quarter, the third consecutive quarter of losses, according to the financial report. The loss was mainly due to $20.30 million in legal fees and $54.10 million in non-cash losses related to the 2024 SPAC merger. Although the company received $15.30 million in revenue from option premiums generated through its bitcoin strategy, and its total assets remained at $3.10 billion (including about 15,000 bitcoins), the stock price has fallen by nearly 25% this month and has fallen by more than 62% during the year. In the third quarter, Trump Media also purchased 684 million CROs for nearly $100 million in cash and stock to deepen cooperation with Crypto.com.
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