$TRUMP Media Stock Falls Despite $2B Bitcoin Holdings, Legal Woes and Delayed #ETF Cloud Q2 Outlook

Trump Media & Technology Group (#NASDAQ : #DJT )—the parent company of Truth Social and one of the most high-profile corporate backers of Bitcoin—saw its stock decline by nearly 4% on August 4, closing at $16.92, following the release of its Q2 2025 earnings report. The market reaction underscores mounting investor concerns as the company grapples with heavy legal expenses and unfulfilled crypto-related promises.

Despite owning one of the largest Bitcoin treasuries among public companies, Trump Media's financial results and stock performance continue to lag, raising questions about the viability of its digital asset strategy and broader business execution.

#Trump Media Posts $20 Million Net Loss in Q2

The company reported a net loss of $20 million for the second quarter, a figure that significantly dampened investor enthusiasm. A closer look at the financials reveals that $15 million of that loss was attributed to ongoing legal fees, primarily tied to litigation surrounding its #SPAC (Special Purpose Acquisition Company) merger.

The legal issues include lawsuits against its SPAC sponsor and former Truth Social co-founders, adding to operational uncertainty and regulatory scrutiny.

These entanglements appear to be a major overhang for DJT’s valuation, with investors increasingly skittish about the company’s path forward.

Source: Google Finance