Trump Media & Technology Group (TMTG) recorded a net loss of $54.8 million for the third quarter of 2025, up from $19.3 million in the same period last year.
The surge in losses was due to rising operating costs despite the company holding high-value crypto assets.
The company that operates the social media platform Truth Social reported revenue of $972,900, down from more than $1 million a year ago. Trump Media (DJT) shares closed down 1.73% at $13.10 on Friday, before rising slightly to $13.20 in after-hours trading.
As of September 30, TMTG reportedly held 11,542 Bitcoins worth about $1.3 billion. The company began buying Bitcoin in late July and plans to increase its holdings of the digital asset, in addition to considering buying other cryptocurrencies.
Through an investment strategy that began in May, TMTG generated realized income of $15.3 million from Bitcoin investment options, as well as $33 million in unrealized gains from holding more than 746 million Cronos (CRO) tokens.
As of late September, Cronos tokens were trading around $0.18.
The company had previously raised more than $2.5 billion, including $1.5 billion from stock sales and $1 billion through convertible secured bonds.
In August, Trump Media also entered into a partnership with Crypto.com and Yorkville Acquisition Corp to form Trump Media Group CRO Strategy, a digital asset treasury entity focused on Cronos acquisitions.
The strategy is expected to involve the purchase of up to $1 billion in Cronos tokens, equivalent to more than 6.3 trillion units, according to the third-quarter financial report.
