Trump Media Technology Group Releases Q2 Financial Report: Financial Asset Scale Reaches 3.1 Billion USD, Year-Over-Year Increase of Approximately 800%
Trump Media Technology Group has just released its second-quarter financial report, and the numbers are quite impressive — financial assets are nearly 3.1 billion USD, an increase of about 8 times compared to the same period last year.
However, upon closer inspection, the revenue is only 880,000 USD, and there is a loss of 0.08 USD per share, but fortunately, it’s less than expected (originally anticipated loss of 0.10 USD).
Why did the assets increase so much?
It is estimated to be related to its aggressive purchase of Bitcoin. There have been reports that this company has already accumulated 2 billion USD in Bitcoin and related securities and intends to continue buying. It seems they are betting heavily on cryptocurrency, which has pushed the asset scale so high.
Stay tuned: SUI PEPE DOGE SOL ETH PNUT
