Trump Media Reports a Loss of 8.4 Billion Yen in Q3, Bitcoin Holdings Decrease by 7.3 Billion Yen

Trump Media & Technology Group announced its financial results for the third quarter of 2025 (ending September 30) on the 7th. The net loss was $54.8 million (8.4 billion yen), with revenue at $973,000 (1.4 billion yen), marking the third consecutive quarter of losses. The primary cause of the loss was $20.3 million in legal expenses related to the merger with a special purpose acquisition company (SPAC) planned for 2024. The company acknowledged this as one of the longest SPAC transactions in history, which incurred significant legal costs. While the value of its held Bitcoin decreased by $48 million (7.3 billion yen), it profited $33 million (5 billion yen) from the cryptocurrency Cronos (CRO)...