[Trump Media Group Reports $54.8 Million Net Loss in Q3, Stock Down Over 62% Year-to-Date]
Trump Media & Technology Group (DJT) reported a net loss of $54.8 million in its Q3 financial results, marking the third consecutive quarter of losses. The losses were primarily attributed to $20.3 million in legal fees related to the 2024 SPAC merger and a $54.1 million non-cash loss. Despite generating $15.3 million in options premium income through its Bitcoin strategy and maintaining total assets of $3.1 billion (including approximately 15,000 Bitcoins), the company's stock fell nearly 25% this month, with a year-to-date decline exceeding 62%. Additionally, in Q3, the company purchased 684 million CRO tokens for nearly $100 million in cash and stock, further strengthening its partnership with Crypto.com.