Catenaa, Tuesday, November 11, 2025-Trump Media and Technology Group reported a $54.8 million net loss in the third quarter, marking its third straight quarterly deficit.
Shares of DJT fell more than 3% to $12.90, extending a month-long decline of nearly 25% and a year-to-date drop of over 62%.
The losses are largely linked to $20.3 million in legal expenses from the company’s 2024 SPAC merger, which Trump Media described as “one of the longest SPAC deals in history.”
Additional non-cash losses, including valuation changes in digital assets, stock-based compensation, depreciation, and unrealized trading losses, contributed $54.1 million.
Despite the losses, the company generated $15.3 million in revenue from bitcoin option premiums during the quarter.
Trump Media reported total assets of $3.1 billion, including cash, short-term investments, securities, and 15,000 BTC worth about $1.5 billion acquired since May.
CEO Devin Nunes said the firm’s positive operating cash flow and growing digital asset holdings position it to pursue mergers and acquisitions targeting long-term shareholder value.
Trump Media also purchased over 684 million CRO tokens using $50 million in cash and $47 million in common stock, part of its collaboration with Crypto.com.
The tokens will support the upcoming Truth Predict betting platform and integrate CRO rewards into Truth Social. The company aims to establish the “first and largest publicly traded CRO treasury company.”
The Trump family remains active across multiple crypto ventures, including the World Liberty Financial DeFi project, a stablecoin initiative, and an American bitcoin mining firm, collectively estimated to have generated over $1 billion in earnings.
Trump Media reports $54.8M Q3 loss, third straight deficit, amid SPAC legal fees; bitcoin and CRO holdings bolster assets and operating cash flow.
