Buying Billions in Bitcoin Couldn't Save Trump Media From Another Quarterly Loss

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13 hours ago

President Donald Trump’s media company reported multi-million dollar losses for the third consecutive quarter this year, a result that pushed the stock down to its lowest price in over a year. 


Trump Media & Technology posted a $54.8 million net loss in 2025’s third quarter, the company said Friday—despite investing billions of dollars this summer into a massive Bitcoin treasury.


Given the company has some $3.1 billion in assets on hand, the net loss was received poorly on Wall Street. Trump Media’s stock (Nasdaq: DJT) has fallen more than 4% to $12.76 at writing, dipping as low as $12.70. The last time the stock fell below $13 was in September of 2024.





DJT is down over 16% in the last week, and 25% in the past month.


The company’s Bitcoin and cash holdings did earn it returns this quarter—just not enough to make up for losses the company says were incurred by factors including the depreciation of its digital asset holdings and legal fees related to its 2024 SPAC merger.


All told, Trump Media generated $15.3 million from Bitcoin-related option premiums in Q3, and $13.4 million in interest from other holdings.


In late July, the company—which owns the president’s social media platform, Truth Social—announced the purchase of $2 billion worth of Bitcoin and Bitcoin-related securities, in a bid to cash in on Wall Street’s viral digital asset treasury trend.


At the time of the announcement, Bitcoin was trading for around $118,000. The world’s top cryptocurrency has since fallen to $102,324 at writing.


As the president has pushed aggressively pro-crypto policies this year from the White House, Trump and his family have moved in lockstep to invest heavily in the booming sector via numerous business ventures.


That synchronicity is not just limited to crypto. As Trump’s CFTC paves the way for new prediction market platforms to reshape retail betting in the U.S., businesses tied to the president and his family have gone all-in on the emergent industry. 


In Friday’s Q3 earnings report, Trump Media touted its recently announced expansion into the “rapidly growing predictions market” with Crypto.com as key to the company’s roadmap through future quarters.


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