TLDR
- Trump Media recorded a $54.8 million Q3 loss compared to $19.3 million loss in Q3 2024, with legal costs reaching $20.3 million.
- The company accumulated 11,542 Bitcoin valued at approximately $1.3 billion and earned $15.3 million from Bitcoin options.
- Q3 revenue declined to $972,900 from over $1 million year-over-year as DJT stock fell 61% in 2025.
- Trump Media holds 746 million Cronos tokens with $33 million in unrealized gains and plans $1 billion additional purchase.
- Total assets increased from $274 million at March 2024 launch to $3.1 billion by September 30.
Trump Media & Technology Group disclosed a $54.8 million third quarter loss on Friday. The Truth Social operator saw its losses nearly triple from the $19.3 million reported in Q3 2024.
Rising expenses drove the deteriorating financials. Legal costs alone consumed $20.3 million during the three-month period.
Trump Media & Technology Group Corp., DJT
Quarterly revenue dropped to $972,900 from over $1 million the previous year. DJT stock closed at $13.10, down 1.73% on Friday.
The stock has plunged 61% year-to-date. Trump Media went public through a SPAC transaction in March 2024.
Crypto Holdings Dominate Balance Sheet
Trump Media now controls 11,542 Bitcoin as of September 30. The company initiated its cryptocurrency buying program in May before publicly announcing the strategy in late July.
Current Bitcoin holdings carry a value near $1.3 billion. The company pulled in $15.3 million through Bitcoin options trading during the quarter.
Trump Media raised $1.5 billion via stock offerings to finance its digital asset purchases. An additional $1 billion came through convertible senior secured bonds.
CEO Devin Nunes described the quarter as “crucial” for expansion plans. He stated the company has “secured our financial future with a massive Bitcoin treasury.”
Management plans additional Bitcoin acquisitions. The company is also evaluating purchases of alternative cryptocurrencies.
Cronos Partnership Deepens Crypto Commitment
Trump Media reported 746 million Cronos tokens generating $33 million in unrealized gains. The Cronos blockchain’s native token traded around $0.18 at quarter end.
The company established Trump Media Group CRO Strategy in August. This joint venture with Crypto.com and Yorkville Acquisition Corp targets Cronos token accumulation.
The partnership aims to acquire up to $1 billion in Cronos, representing more than 6.3 trillion tokens. Trump Media’s asset base expanded from $274 million at IPO to $3.1 billion by September 30.
The company achieved positive operating cash flow for the second consecutive quarter. Nunes mentioned evaluating potential merger and acquisition targets that would “bring the most long-term value for our shareholders.”
Revenue Challenges Continue
Trump Media generates income primarily through Truth Social advertising. The platform functions as President Donald Trump’s primary digital communication tool.
The company maintains its policy of not reporting user engagement metrics. Most publicly traded social media companies regularly disclose monthly or daily active user counts.
Trump Media has posted continuous losses since inception. Converting Trump’s platform presence into consistent revenue remains an ongoing challenge for the business
Get 3 Free Stock Ebooks
Discover top-performing stocks in AI, Crypto, and Technology with expert analysis.
- Top 10 AI Stocks - Leading AI companies
- Top 10 Crypto Stocks - Blockchain leaders
- Top 10 Tech Stocks - Tech giants
