Trump Media Loses $54M, Stock Plummets
Update: 2025-11-08
Description
Trump Media and Technology Group reports significant losses for Q3, marking their third consecutive quarter of multi-million dollar losses. Despite investing billions into a Bitcoin treasury, their stock price drops to its lowest point in over a year. The companys Bitcoin and cash holdings generate some returns, but not enough to offset losses from depreciation and legal fees. Trump Media plans to expand into the predictions market with Crypto.com as a key part of its future strategy.
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