Key Takeaways
- $3.1 billion in assets, largely from a new Bitcoin treasury
- Positive cash flow for the first time, but still $20M net loss
- Truth+ streaming platform expanding globally, with premium subscriptions coming soon
- Plans underway for ETFs, utility tokens, and broader fintech expansion
- Legal costs from 2024 SPAC merger remain a significant drag
$3.1 Billion In Financial Assets, Thanks to Bitcoin Strategy
The company reported $3.1 billion in financial assets as of June 30, 2025 — a staggering 800% year-over-year increase.
Most of this growth stems from a $2.4 billion capital raise used to fund a Bitcoin treasury strategy, which saw Trump Media accumulate around $2 billion in Bitcoin and related securities in July 2025.
According to the company, this move gives Trump Media one of the largest Bitcoin treasuries of any public firm, offering it financial flexibility, potential investment income, and what it claims is insulation from “debanking” or politically motivated financial discrimination.
✅ Pro Tip: If you’re investing in crypto through the stock market, companies like this offer indirect exposure — but they’re volatile. Always do your homework.
First Positive Operating Cash Flow, But Revenue Remains Low
Trump Media also recorded its first quarter of positive operating cash flow, generating $2.3 million. However, net losses for the quarter hit $20 million, mainly driven by:
- $20.5 million in non-cash expenses, including stock-based compensation and depreciation
- $15 million in legal expenses, mostly tied to the drawn-out SPAC merger that brought the company public
Total revenue for the quarter? Just $0.9 million, up 6% year-over-year — still minimal compared to its balance sheet.
Truth+ Expands Globally With New Subscription Features
Trump Media is banking heavily on Truth+, its video streaming platform, to create recurring revenue.
- The upcoming Patriot Package subscription tier (currently in beta) will offer premium features like:
- An edit button for Truth Social posts
- Scheduled posts
- Longer video uploads
- Expanded character counts
The package also includes automatic verification (red check and Truth+ badge) on Truth Social.
Crypto ETFs, Utility Tokens, and a Bigger FinTech Push
Looking beyond media, the company is moving deeper into fintech and crypto:
- It’s filed for multiple crypto-focused ETFs, including:
- Truth Social Crypto Blue Chip ETF
- Truth Social Bitcoin and Ethereum ETF
- Truth Social Bitcoin ETF
It’s also building out a Truth digital wallet that will eventually house a utility token, meant to pay for subscriptions and other services in the Truth ecosystem.
CEO Devin Nunes: “We’re Just Getting Started”
Chairman and CEO Devin Nunes framed the quarter as a major win, despite the losses:
“In a very short time, Trump Media has reopened the Internet for free speech… amassed one of the biggest Bitcoin treasuries… and now, we have our first quarter of positive operating cash flow—despite having gone public just last year.”
The company remains focused on expanding its platform, building out its fintech portfolio, and exploring M&A opportunities to acquire what it calls “crown jewel” assets.