Trump Media Posts $55M Loss in Q3 Despite $1.3B Bitcoin Holdings
Trump Media & Technology Group, the parent company of Truth Social, took a $54.8 million hit in the third quarter of 2025 despite...
Quick overview
- Trump Media & Technology Group reported a $54.8 million loss in Q3 2025, attributed to rising operational costs.
- Despite the losses, the company holds $1.3 billion in Bitcoin and has seen profits from its crypto investments, including $15.3 million from Bitcoin options and $33 million from Cronos holdings.
- CEO Devin Nunes emphasized the importance of this quarter for expansion plans and the company's financial future, bolstered by its significant Bitcoin stash.
- Trump Media plans to invest up to $1 billion in Cronos as part of a strategy to enhance its digital asset portfolio and pursue mergers and acquisitions.
Trump Media & Technology Group, the parent company of Truth Social, took a $54.8 million hit in the third quarter of 2025 despite sitting on a cool $1.3 billion worth of Bitcoin. The company was quick to point to rising operational costs as the main reason behind its widening loss.
Things are looking pretty grim for Trump Media—its losses have more than tripled since the same quarter last year, when it posted a $19.3 million loss.
Revenue has taken a big hit too, coming in at a meagre $972,900 compared to over $1 million this time last year. Shares in Trump Media (listed as DJT on the NASDAQ) limped along on Friday, closing down 1.73% at $13.10 and bouncing up a few dollars after hours to $13.20.
Trump Media revealed that it has been holding 11,542 Bitcoins as of September 30, valued at a staggering $1.3 billion at current prices.
The company’s got big plans to expand its crypto portfolio, including looking into other digital assets.
🚨 Breaking: Trump Media posts $55M Q3 loss due to rising costs while Bitcoin bet reaches $1.3B pic.twitter.com/UJey6hnkBj
— PHO Crypto 🍲 (@0xPHOCryptoBros) November 10, 2025
Bitcoin and Cronos Bets Bring in Some Gains
While Trump Media’s core business is still struggling to stay afloat, its crypto holdings are starting to yield dividends. The company booked $15.3 million from Bitcoin options and a further $33 million in profits from its holding of 746 million Cronos (CRO) – the native token of the Cronos blockchain.
At the end of September, Cronos traded around $0.18, valuing Trump Media’s CRO holdings at over $130 million. Trump Media started its digital investment strategy in May 2025 following a $2.5 billion fundraising effort, including $1.5 billion in stock sales and $1 billion in bonds.
The lowdown:
- $1.3 billion in Bitcoin set aside since July
- $15.3 million from BTC options
- $33 million profit from Cronos holdings
CEO Devin Nunes gave the third quarter a pretty glowing report, saying it was a crucial period for Trump Media’s expansion plans and that the company had secured its financial future with a massive Bitcoin stash.
Trump Media posts $ 55M Q3 loss as Bitcoin bet reaches $ 1. 3B
Trump Media ’ s first earnings report subsequent to starting its Bitcoin buys shows it scooped up $ 1. 3 billion, with the company saying it plans to buy more.
— Insider.Space (@InsiderDotSpace) November 10, 2025
Trump Media Takes a Big Bet on Cronos
Trump Media also laid out plans to put up to $1 billion into Cronos, which is equivalent to 6.3 trillion CRO tokens. This is all part of a deal with Crypto.com: Securely Buy, Sell and Trade Bitcoin, Ethereum and 400+ Crypto and Yorkville Acquisition Corp to create a whole new arm of the company dedicated to digital assets.
Nunes said he’s hoping to now use the company’s growing digital assets and improving cash flow to pursue mergers and acquisitions and to really start building long-term shareholder value.
Despite all this crypto investing, Trump Media’s stock has still taken a 61% hit this year—that’s a pretty big sign that investors are still nervous about the company’s chances of turning a profit or whether its crypto-heavy balance sheet is sustainable.
But looking on the bright side, Trump Media’s financial assets have risen from $274 million in March to a pretty impressive $3.1 billion by September—and it’s presenting itself as a bit of a hybrid media-crypto conglomerate that’s all in on the potential for blockchain-driven growth.
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