According to Trump Media and Technology Group's latest financial report, most of the company's losses resulted from investments in digital assets and other costs not directly related to operations. In a press release, the company reported that the largest share of losses came from “non-cash losses, including unrealized losses on digital assets, pledged digital assets and securities ($368 million – approx. PLN 1.32 billion), accrued interest ($11.5 million – approx. PLN 41.3 million) and share-based compensation ($11.8 million – approx. PLN 42.4 million).”
Acting CEO Kevin McGurn emphasized that the company is using its financial resources and positive cash flow from operations to develop its businesses and platform infrastructure. He also added that Truth Social remains a place for the free exchange of views and new technological solutions will be introduced soon.
Investments in cryptocurrencies and their consequences
Much of Trump Media and Technology Group's losses were the result of purchasing $3.5 billion worth of bitcoin. in 2025, when the price of this cryptocurrency was growing dynamically. The company then announced plans to create its own “bitcoin vault”. However, since then the value of this investment has decreased by approximately one third, which significantly affected the company's financial results.
- Donald Trump's speech hit the markets. Stock markets, gold and bitcoin are down significantly
Truth Social was created after Donald Trump was banned from Twitter (now X) and Facebook in 2021 following the attack on the Capitol by his supporters. The platform was supposed to be an alternative to existing social media and became the former president's main communication channel. Still, she failed to gain wider popularity beyond Trump's supporters.
Merger plans and new development directions
Information about high losses appeared only 5 months after Trump Media announced a planned merger with the Californian company TAE Technologies, specializing in nuclear fusion. The purpose of this transaction is to support the development of artificial intelligence-based data centers.
- Shares in Trump's company worth $500 million. bought by a sheikh-spy. Instead, the US sells AI chips to the Emirates
Nuclear fusion has been perceived as a potential source of unlimited energy for years, but so far it has not been possible to achieve a situation in which the energy production would exceed its consumption during the process.
Kevin McGurn noted that the company is working intensively on the implementation of the planned merger with TAE Technologies, and at the same time is looking for new development opportunities and ways to increase shareholder value.
