Trump Media & Technology publishes a loss of $ 20 million in the second quarter

Trump’s mother’s mother social company in its quarterly results said $ 883,300 in net sales for the second quarter. It is 5.5% higher than a year ago. The net loss of $ 19.7 million against a loss of $ 16.4 million in the second quarter of 2024.

Despite this, the action increased by 1.5% in the middle of the morning on Monday.

What gives? Despite dull sales and notable losses, Trump Media is still a company rich in cash thanks to its important Bitcoin holdings. The deposit of 10-qes with the Securities and Exchange Commission lists financial assets of approximately $ 3.1 billion, an increase of 800% in annual sliding. Of this amount, $ 2.4 billion is in Bitcoin, which he bought in July.

“Among other advantages, the Bitcoin Treasury strategy allows Trump Media to give his investors an indirect exposure to cryptocurrencies, creates placement income, helps to position the company for expansion and solidify the financial freedom of the company, in particular the improvement of security against debannage and other acts of political discrimination,” said TMTG.

Trump holds 114.75 million of the company’s circulation actions through a revocable trust. This corresponds to 52% of the total actions in circulation of the company, according to the declaration of proxy of the company 2025.

Monday morning, this outfit was worth $ 2 billion. It is considerably lower than $ 4 billion it was worth January 1. Trump Media & Technology Group shares are down 50% over a year.