Trump’s shares of the media 4 % after losing 20 million dollars: Here what happened star-news.press/wp

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Trump Media has reported a $ 20 million loss despite the Bitcoin wardrobe worth $ 2 billion, which raised questions about encryption gains. At the same time, it goes forward with digital projects like the truth. Fi and distinctive subscriptions.

Trump Media & Technology Group (DJT), the company behind Truth Social and Backal Backer for Bitcoin (BTC), has witnessed its shares almost 4 % on August 4 to 16.92 dollars yet Reporting A net loss of $ 20 million for the second quarter.

source: Google Financing

This decrease appears to be largely driven by $ 15 million as legal fees related to its lengthy direct integration.

Legal tangles, including lawsuits against Spac and the founders of the previous truth, seem to be greatly weighing the feelings of investors.

Bitcoin billions, but do not wear Tesla

What makes Trump Media’s performance the most surprising quarter is its aggressive strategy for bitcoin, especially unlike companies like Tesla, which recorded a $ 284 million profit from BTC Holdings in the same quarter.

Tesla’s strong profits, including a net income leap to $ 1.2 billion, reflects the recovery of the broader market and new accounting rules that allow companies to report unreasonable encryption gains.

However, although the fifth largest cabinet in Bitcoin between public companies and enhance their assets to $ 3.1 billion, TROMP Media has not seen similar benefits.

Plans of a interest icon

Thanks to the maximum market of $ 4.7 billion, Trump Media’s slow -down shares asked questions about the unreasonable encryption feature.

It seems that the media, Trump, deepens the aspirations of digital origins, as shown in an interview SEC file. The distinctive symbol of the upcoming facilities showed the company associated with the subscription service in the Patriot package.

The program will be rewarded for users with “gemstones” that will eventually be converted into a usable symbol via the social truth and the broadcast platform, Truth+. However, he is still in a beta position.

Although it is unclear whether this distinctive symbol will be a Blockchain, the media Trump is conceived as a way to pay for subscriptions and other future services within its ecosystem.

The circulating investment funds are late, Washington is interfering

The company reaffirmed its intention to launch the investment funds circulating in digital assets, although the Supreme Education Council has delayed its decision regarding the proposal until September 18 to allow more time for review and public comments.

In fact, in the familyafter To the Speaker of the Second Papers Paul Atkins, Democratic Senator Elizabeth Warren expressed her concerns, according to a copy reviewed by Reuters, where she said, she said,,

“All SEC decisions, procedures that involve (Trump and Technology and Technology Group and financial interests of President Trump must be managed to ensure that they are free from unjustified political intervention and its impact from the president and his management.”

Thus, with Bold investments in Bitcoin, which is now about $ 2 billion, and an expanded set of projects including Truth+, Truth.fi, and ETFS planned through a partnership with Yorkville America, the company indicates a strong commitment to digital innovation.