Trump Media & Technology posts $20 million loss in the second quarter
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Sales were under $1 million, but the company is cash rich thanks to Bitcoin.
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cryptocurrency
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August 4, 2025
03:04 PM
Fortune
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·Donald TrumpTrump Media & nology posts $20 million loss in the second quarterBy Chris MorrisBy Chris MorrisContributing WriterChris MorrisContributing WriterChris Morris is a contributing writer at Fortune, covering everything from general news to the game and theme park industries.SEE FULL BIO Trump's Truth Social reported $883,300 in net sales for the second quarter.Getty Images—Christopher FurlongTrump Media & nology Group lost $20 million in the second quarter
The parent company of Trump’s Truth Social saw prices rise, however, in large part because of its broad Bitcoin holdings
Trump’s holding in the company is currently worth $2 billion
Typically, if a publicly traded company announced sales of less than $1 million and a quarterly loss of $20 million, that might spook investors
At Trump Media & nology Group, it’s giving the stock a slight boost
The parent company of Trump’s Truth Social, in its quarterly earnings, reported $883,300 in net sales for the second quarter
That’s 5.5% higher than a year ago
The $19.7 million net loss compared to a $16.4 million loss in the second quarter of 2024
Despite that, the stock was up 1.5% in mid-morning trading on Monday
What gives? Despite the lackluster sales and notable loss, Trump Media is still a cash-rich company thanks to its significant Bitcoin holdings
The 10-Q filing with the Securities and Exchange Commission lists financial assets of roughly $3.1 billion, an 800% year-over-year increase
Of that amount, $2.4 billion is in Bitcoin, which it bought in July. “Among other benefits, the Bitcoin treasury strategy allows Trump Media to give its investors indirect exposure to cryptocurrencies, creates investment income, helps position the Company for expansion, and solidifies the Company’s financial freedom, including enhancing security against debanking and other acts of political discrimination,” TMTG said
Trump owns 114.75 million of the company’s outstanding s through a revocable trust
That works out to 52% of the company’s total outstanding s, according to the company’s 2025 xy statement
As of Monday morning, that holding was worth $2 billion
That’s considerably less than the $4 billion it was worth on Jan. 1. s of Trump Media & nology Group are down 50% year to date
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