Trump Media reports $3.1 billion in assets, positive cash flow, and plans for a utility token rewards system.
Quiver AI Summary
Trump Media and Technology Group Corp., the operator of Truth Social and Truth+, has announced its financial results for the second quarter of 2025, achieving over $3 billion in financial assets and its first positive operating cash flow of $2.3 million. The company's impressive financial growth was largely driven by its Bitcoin treasury strategy, which raised nearly $2.4 billion and allowed it to accumulate around $2 billion in Bitcoin, making it one of the largest Bitcoin treasuries among public companies. The company is expanding its offerings with plans for a new rewards system involving a utility token and enhancing features on its platforms, including Truth+ and Truth Social. Despite posting a net loss of $20 million, largely due to legal costs associated with its SPAC merger, Trump Media continues to aim for expansion through new fintech products and potential acquisitions, asserting its commitment to champion free speech against big tech censorship.
Potential Positives
- Amassed over $3 billion in financial assets, representing a year-on-year growth of approximately 800 percent.
- Achieved positive operating cash flow for the first time, totaling $2.3 million.
- Formed one of the biggest Bitcoin treasuries of any public company, accumulating around $2 billion in Bitcoin, enhancing investment exposure and financial security.
- Plans to launch a rewards system with a utility token, which may enhance customer engagement and expand service offerings.
Potential Negatives
- The company reported a net loss of $20 million for the quarter, despite holding $3.1 billion in financial assets, indicating ongoing financial challenges.
- Legal costs related to the merger with a SPAC amounted to approximately $15 million, significantly impacting the company's financial performance.
- Revenue growth was minimal at only 6 percent year-on-year, reaching $0.9 million, which raises concerns about the company's ability to scale its operations effectively.
FAQ
What are Trump Media's financial results for Q2 2025?
Trump Media reported $3.1 billion in financial assets and $2.3 million in positive operating cash flow for Q2 2025.
How much Bitcoin has Trump Media accumulated?
Trump Media has acquired approximately $2 billion in Bitcoin and Bitcoin-related securities, making it one of the largest Bitcoin treasuries of any public company.
What is the utility token planned by Trump Media?
The utility token will be part of a rewards program, initially used for Truth+ subscription costs and later for other products and services.
How did legal costs impact Trump Media's financial performance?
Trump Media incurred $15 million in legal costs related to its SPAC merger, which influenced its net loss of $20 million for the quarter.
What is the mission of Trump Media?
Trump Media aims to protect free speech and provide a platform for uncensored expression, countering Big Tech's censorship.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$DJT Insider Trading Activity
$DJT insiders have traded $DJT stock on the open market 19 times in the past 6 months. Of those trades, 0 have been purchases and 19 have been sales.
Here’s a breakdown of recent trading of $DJT stock by insiders over the last 6 months:
- PHILLIP JUHAN (CFO and Treasurer) has made 0 purchases and 7 sales selling 66,064 shares for an estimated $1,653,632.
- DEVIN G. NUNES (CEO, President, Chairman) has made 0 purchases and 2 sales selling 59,483 shares for an estimated $1,573,792.
- SCOTT GLABE (General Counsel and Secretary) has made 0 purchases and 4 sales selling 57,995 shares for an estimated $1,533,634.
- ERIC SWIDER has made 0 purchases and 4 sales selling 26,500 shares for an estimated $558,399.
- VLADIMIR NOVACHKI (Chief Technology Officer) has made 0 purchases and 2 sales selling 17,823 shares for an estimated $471,601.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$DJT Hedge Fund Activity
We have seen 130 institutional investors add shares of $DJT stock to their portfolio, and 121 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- CITADEL ADVISORS LLC removed 688,845 shares (-71.5%) from their portfolio in Q1 2025, for an estimated $13,460,031
- CAPITAL FUND MANAGEMENT S.A. added 659,317 shares (+inf%) to their portfolio in Q1 2025, for an estimated $12,883,054
- GOLDMAN SACHS GROUP INC added 608,945 shares (+1151.9%) to their portfolio in Q1 2025, for an estimated $11,898,785
- MELQART ASSET MANAGEMENT (UK) LTD removed 549,106 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $10,729,531
- SUSQUEHANNA INTERNATIONAL GROUP, LLP removed 537,157 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $10,496,047
- INVESCO LTD. removed 447,957 shares (-87.4%) from their portfolio in Q1 2025, for an estimated $8,753,079
- UBS GROUP AG removed 350,309 shares (-35.1%) from their portfolio in Q1 2025, for an estimated $6,845,037
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
~ Amasses More than $3 billion in Financial Assets ~
~ Forms One of the Biggest Bitcoin Treasuries of Any Public Company ~
~ Posts Company’s First Quarter of Positive Operating Cash Flow ~
~ Plans Rewards System with Utility Token ~
SARASOTA, Fla., Aug. 01, 2025 (GLOBE NEWSWIRE) -- Trump Media and Technology Group Corp. (Nasdaq, NYSE Texas: DJT) ("Trump Media" or the "Company"), operator of the social media platform Truth Social, the streaming platform Truth+, and the FinTech brand Truth.Fi, is announcing financial results for the fiscal quarter ending on June 30, 2025, and is filing its Form 10-Q with the Securities and Exchange Commission (the "SEC") today.
Trump Media ended the second quarter with financial assets of approximately $3.1 billion, comprised of cash, cash equivalents, restricted cash, trading securities, and short-term investments, posting exponential year-on-year growth of financial assets of approximately 800 percent. The Company believes this tremendous level of liquidity and financial freedom, in conjunction with Trump Media's low operating costs and low cash burn rate, will fully enable it to pursue its expansion plans, including enhancing its existing platforms, launching new fintech and financial services products, and pursuing potential mergers and acquisitions.
The biggest factor contributing to the growth of Trump Media’s balance sheet was the Company’s ability to raise nearly $2.4 billion for its Bitcoin treasury strategy. Achieved through a private placement offering supported by approximately 50 institutional investors, this strategy enabled Trump Media to accumulate approximately $2 billion in Bitcoin and Bitcoin-related securities in July 2025, giving the Company one of the largest Bitcoin treasuries of any public firm. 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.
In the second quarter, Trump Media also achieved a key milestone by posting its first quarter of positive operating cash flow, with cash flow from operating activities totaling $2.3 million.
Furthermore, the Company advanced its plans to launch the Patriot Package subscription service for the Truth+ video streaming platform. Currently in public Beta testing, the package will establish synergies between the Truth Social and Truth+ platforms. Truth+ subscribers already receive automatic verification on Truth Social with a red check badge and a Truth+ badge, and will eventually gain access to features such as an edit button, scheduled Truths, save drafts, expanded character counts, and the ability to upload longer videos. Meanwhile, the availability of Truth+ greatly expanded in the second quarter with the global rollout of Truth+, which can now be viewed on Truth+ apps in most countries worldwide.
Truth+ is also envisioned to be part of a larger rewards program, to include a utility token within a Truth digital wallet that can initially be used to pay for Truth+ subscription costs, and later be applied to other products and services in the Truth ecosphere. These benefits will complement other advances on the Truth Social platform, particularly the integration of an artificial intelligence function that is currently being developed.
Furthermore, the Company continues to press forward with its slate of Separately Managed Accounts and Exchange Traded Funds (“ETFs”), having filed registration statements in the second quarter and afterward for multiple ETFs including the Truth Social Crypto Blue Chip ETF, Truth Social Bitcoin and Ethereum ETF, and Truth Social Bitcoin ETF.
Trump Media Chairman and CEO Devin Nunes said, “In a very short time, Trump Media has reopened the Internet for free speech, created an uncancellable social media platform and video streaming platform, expanded both platforms worldwide, amassed one of the biggest Bitcoin treasuries of any public company, and now, we have our first quarter of positive operating cash flow—despite having gone public just last year. We aim to continually increase both the quality and quantity of our products and services as we pursue a wide array of options, including acquiring crown jewel assets through mergers and acquisitions, to strengthen and extend our position in the America First economy.”
Aside from posting $3.1 billion in financial assets and $2.3 million in cash flow from operating activities, the Company reported a net loss of $20.0 million for the quarter, comprised of $20.5 million of non-cash expenses for stock-based compensation, depreciation and amortization, interest expense, and income taxes, partially offset by non-cash (unrealized) investment income, while revenue rose 6 percent year-on-year to $0.9 million. Trump Media’s results are strongly influenced by approximately $15.0 million in legal costs for the quarter, primarily related to the Company’s 2024 merger with a special purpose acquisition company (“SPAC”). One of the longest SPAC deals in history, the merger resulted in substantial legal costs including those incurred in litigation aiming to recoup merger-related damages from those individuals and entities that the Company alleges caused the delay of the SPAC through their wrongful acts. The Company believes a positive resolution of these litigation matters, which it is working to achieve, could significantly impact its future financial results.
Cautionary Statement About Forward-Looking Statements
This press release includes forward-looking statements regarding, among other things, the plans, strategies, and prospects, both business and financial, of Trump Media. We have based these forward-looking statements on our current expectations and projections about future events, including potential merger & acquisition activity, the rollout of products and features, the future plans, timing and potential success of the streaming services, Bitcoin treasury strategy, and the launch and success of our financial services and FinTech platform. Although we believe that our plans, intentions, and expectations reflected in or suggested by these forward-looking statements are reasonable, we cannot assure you that we will achieve or realize these plans, intentions, or expectations. Forward-looking statements are inherently subject to risks, uncertainties, and assumptions. Generally, statements that are not historical facts, including statements concerning possible or assumed future actions, business strategies, events, or results of operations, are forward-looking statements. These statements may be preceded by, followed by, or include the words "believes," "estimates," "expects," "projects," "forecasts," "may," "will," "should," "seeks," "plans," "scheduled," "anticipates," "soon," "goal," "intends," or similar expressions. Forward-looking statements are not guarantees of future performance, and involve risks, uncertainties and assumptions that may cause our actual results to differ materially from the expectations that we describe in our forward-looking statements. There may be events in the future that we are not accurately able to predict, or over which we have no control.
About Trump Media
The mission of Trump Media is to end Big Tech's assault on free speech by opening up the Internet and giving people their voices back. Trump Media operates Truth Social, a social media platform established as a safe harbor for free expression amid increasingly harsh censorship by Big Tech corporations, as well as Truth+, a TV streaming platform focusing on family-friendly live TV channels and on-demand content. Trump Media is also launching Truth.Fi, a financial services and FinTech brand incorporating America First investment vehicles, and a digital asset strategy-including a Bitcoin treasury-to help ensure the Company’s financial freedom and protect against discrimination by financial institutions.
Investor Relations Contact
Shannon Devine (MZ Group | Managing Director - MZ North America)
Email:
[email protected]
Media Contact
