08-02 17:07 Saturday
FeaturesTrump Media & Technology Group released its second-quarter financial report: financial assets reached US$3.10 billion, an increase of approximately 800% year-on-year.
According to a Globenewswire report on August 2nd, Nasdaq-listed Trump Media & Technology Group (DJT) released its financial results for the period ending June 30, 2025, revealing the following: 1. As of the second quarter of this year, financial assets reached approximately $3.10 billion, including cash, cash equivalents, restricted cash, trading securities, and short-term investments, representing an approximately 800% year-over-year increase. The largest contributor to this growth was the company's raising of nearly $2.40 billion for its Bitcoin financing strategy, and its accumulation of approximately $2.00 billion in Bitcoin and Bitcoin-related securities in July of this year, making it one of the largest publicly traded Bitcoin financing companies. 2. The company achieved positive operating cash flow for the first time in the second quarter, generating $2.3 million in cash from operating activities, despite a net loss of $20 million. 3. Truth+ plans to launch a rewards program and embed a utility token in its digital wallet, which will initially be used to pay for Truth+ subscriptions and subsequently be used for other products and services within the Truth ecosystem. 4. Registration statements have been filed for several ETFs, including the Truth Social Crypto Blue Chip ETF, the Truth Social Bitcoin and Ethereum ETF, and the Truth Social Bitcoin ETF.
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