Trump Media to Launch Utility Token and Explore Crypto ETFs After $20 Million Q2 Loss
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- Trump Media posts $20M Q2 loss despite rising sales and positive operating cash flow.
- Truth+ expands globally with new features, digital wallet, and AI-driven tools in beta.
- TMTG plans utility token and explores crypto ETFs to support fintech expansion.
Trump Media & Technology Group (Nasdaq, NYSE Texas: DJT), the company behind Truth Social, reported a net loss of $20 million for the second quarter of 2025, according to its 10-Q filing. The figure is an increase from the $16.4 million loss reported during the same period last year. Following the earnings announcement on Monday, August 4, the company’s shares (DJT) dropped by 3.8% on Nasdaq.
Despite the widening net loss, TMTG’s financials revealed some bright spots. The company recorded a 5.5% increase in net sales year-over-year, reaching $883,300 in Q2. While the operating loss stood at $43.5 million, this was offset by $16.8 million in interest income and $11.1 million from other investments.
The post Trump Media to Launch Utility Token and Explore Crypto ETFs After $20 Million Q2 Loss appeared first on Coin Edition.
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