Trump Media & Technology Group reported substantial financial growth in Q2 2024, disclosing $3.1 billion in total assets—an approximate 800% year-on-year surge. The company attributes this expansion partly to its Bitcoin reserves strategy, which holds $2 billion in cryptocurrency.
The firm achieved a milestone with its first positive operating cash flow of $2.3 million during the same quarter. This turnaround reflects strategic investments and revenue initiatives undertaken by the social media and technology enterprise.
Concurrently, Trump Media advances its cryptocurrency offerings through ETF initiatives, including filings for Truth Social Crypto Blue-Chip ETF. The company states its Bitcoin holdings and planned financial products aim to diversify asset portfolios while creating accessible crypto investment opportunities.