The Trump Media and Technology Group (TMTG), led by U.S. President Trump, announced its Q2 2025 financial report on Friday, officially confirming that the company holds a total of $2 billion in Bitcoin and related assets, making it the fifth largest Bitcoin reserve company among publicly traded companies in the United States. According to the company, this asset includes spot Bitcoin, Bitcoin ETFs, trust funds, and derivative products, constituting a 'hybrid crypto treasury structure' with liquidity and risk diversification features.
First time achieving positive operating cash flow.
The press release shows that Trump Media's total financial assets reached $3.1 billion in Q2, with Bitcoin and related assets accounting for $2 billion. Notably, although the company's media and technology business achieved positive operating cash flow for the first time (+$2.3 million), the company still recorded a net loss of $20 million (of which approximately $15 million was for legal litigation expenses).
This legal expenditure is primarily related to a merger dispute involving a special purpose acquisition company (SPAC) for 2024. The company has filed a lawsuit against the SPAC initiators and two co-founders of Truth Social, accusing them of misconduct that has delayed the merger process by up to 29 months.
Currently, Trump Media's stock price is reported at $16.92, down 3.8% for the day, with a year-to-date decline of over 50%, and a market capitalization of approximately $4.7 billion.
Expanding Bitcoin layout and options strategy.
Trump Media currently holds a total of $2 billion in Bitcoin and related assets and has additionally invested $300 million in Bitcoin options and related derivative strategies, which can be converted to spot Bitcoin positions depending on market conditions, for income strategies or further accumulation. This move is seen as a signal of its continued deepening exposure to Bitcoin. The company points out that establishing such a hybrid treasury structure not only provides financial flexibility but will also become a source of future income and capital appreciation.
Upcoming launch of platform token Truth Token.
According to the press release, Trump Media also revealed that it is testing a subscription plan called 'Patriot Package', where users will be able to accumulate 'gems', which will be linked to utility tokens issued by Truth Social and the Truth+ streaming platform in the future.
This token can be used to pay for Truth+ subscription fees and may expand to other products and services within the Trump Media ecosystem in the future. Although it has not been explicitly stated whether this token is built on blockchain, the market expects it to integrate blockchain technology applications promoted by Trump's policy focus.
Still plans to launch cryptocurrency ETFs and investment products.
In addition, Trump Media has reiterated its intention to advance multiple ETF and custodial investment products centered on cryptocurrency. Currently, several ETF applications submitted by the company are still under review, and the U.S. Securities and Exchange Commission (SEC) has postponed the related decision until September 18.
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