Trump's Truth Social raises $2.5 billion from undisclosed sources to buy Bitcoin

[Nevilledog]

https://popular.info/p/trumps-truth-social-raises-25-billion?r=1tij7k&utm_medium=email

As a media company, Trump Media & Technology Group (TMTG), the parent company of Truth Social, is a failure. According to its latest SEC filings, TMTG generated just $821,200 in revenue in the first quarter of 2025 against $40 million in expenses. For the entire year of 2024, the company generated $3.6 million in revenue and incurred $189 million in expenses. The company, tellingly, does not disclose the number of users it has. But its anemic revenues suggest few people are logging onto its social network or watching its streaming video content.

It wasn't supposed to be this way. In an investor presentation coinciding with the company's 2021 launch, TMTG projected $835 million in revenue for 2024. The company's actual revenue in 2024 was $3.6 million.

TMTG predicted that in 2025, it would generate $1.8 billion in revenue. After bringing in just $821,200 in the first three months of 2025, TMTG has a long way to go to hit its target.

In other ways, however, TMTG has been a success. Based on its stock price, the company has a market capitalization of over $5 billion. Trump owns about 50% of the company shares, making it one of his most valuable assets. Trump fans invest in TMTG stock, which trades under the symbol DJT, to express their affinity for Trump.

Still, goodwill only goes so far. With its meager earnings, DJT stock has declined by over 50% in the last year. Now the company has launched an audacious plan to increase its value.

*snip*