Trump Media reported a loss of 20 million USD in Q2 and plans to launch a utility Token and a digital asset ETF.

2025-08-03 23:59:28

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Odaily News Truth Social's parent company Trump Media reported a net loss of $20 million in Q2, with shares falling by 3.8%. Of this, approximately $15 million was related to legal fees for the SPAC merger. The company purchased $2 billion worth of Bitcoin in July, making it the fifth largest publicly listed Bitcoin holder globally, and plans to launch a utility token tied to Truth Social and Truth+. Additionally, its digital asset ETF plan has been submitted to the SEC, with the review postponed until September 18. (The Block)

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GateUser-19a15cdb

· 4h ago

HODL Tight 💪

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币圈小峰哥

· 4h ago

Truth Social's parent company Trump Media reported a net loss of $20 million in Q2, with a stock price decline of 3.8%. Approximately $15 million of this was related to legal fees from the SPAC merger. The company purchased $2 billion in Bitcoin in July, making it the fifth largest publicly traded Bitcoin holdings entity in the world, and plans to launch a utility token linked to Truth Social and Truth+. In addition, its digital asset ETF plan has been submitted to the SEC, with the review postponed until September 18.

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PeaceOfMindAndProfit