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Trump Media and Technology Group ended the third quarter with a net loss of $54.8 million, sharply higher than last year’s $19.3 million shortfall. Revenue slipped to $972,900 from just over $1 million a year earlier, reflecting weaker engagement across its Truth Social platform. Its shares closed Monday at $13.10, down 1.73 percent, then edged slightly higher to $13.20 in after-hours trading.
The company’s financial update points to a widening gap between its media operations and its growing digital-asset portfolio, now central to its balance-sheet strategy.
By September 30, the company had accumulated 11,542 Bitcoin, most of which were purchased after July under a strategy launched in May. Trump Media raised $1.5 billion through stock sales and another $1 billion in bonds to fund the shift.
Income tied to Bitcoin options reached $15.3 million during the quarter, while holdings of Cronos (CRO) tokens produced $33 million in unrealized gains. Together, these positions have become a core income source as ad revenue remains flat.
Beyond the company itself, the broader Trump family has become active in digital finance through ventures such as World Liberty Financial (WLFI), mining operations, and token-based projects. Financial reports estimate that the family’s collective crypto involvement has generated more than $1 billion. That activity also provides Trump Media access to developers, investors, and partnerships across the digital-asset landscape.
Chief Executive Devin Nunes called the quarter a “critical phase” for the company’s expansion. He said Trump Media had “secured our financial future with a massive Bitcoin treasury and expanded our existing platforms.”
The company has also launched Trump Media Group CRO Strategy, a separate division focused on acquiring up to $1 billion worth of Cronos tokens - about 6.3 trillion units. Those digital assets are now generating income alongside the firm’s second consecutive quarter of positive operating cash flow.
Nunes noted that with new assets producing returns, the company is positioned to pursue acquisitions and partnerships that align with its long-term vision.
Trump Media’s financial assets have risen from $274 million in March to $3.1 billion by September. Yet its stock price has dropped 61 percent this year.
The large crypto reserve continues to bring income through option premiums, but its operating business remains under pressure from costs and limited growth. The company’s third consecutive loss reflects both progress and vulnerability - a firm building one of the largest corporate Bitcoin treasuries while still working to turn digital wealth into lasting profit.
Can a media company anchored in cryptocurrency weather such volatility and win investor confidence? The coming quarters will reveal whether its strategy can deliver lasting results in both markets.
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Trump Media’s widening $54.8 million loss highlights its growing reliance on Bitcoin and Cronos assets to balance weak platform revenues. The company’s expanding crypto treasury under Devin Nunes could redefine its financial path, though sustainable growth remains its next major test.
