Truth Social's parent company Trump Media reported a net loss of $20 million in Q2, with a stock price decline of 3.8%. Approximately $15 million of this was related to legal fees associated with the SPAC merger. The company purchased $2 billion worth of Bitcoin in July, making it the fifth largest publicly listed holder of Bitcoin globally, and plans to launch a utility token that links Truth Social and Truth+. Additionally, its digital asset ETF plan has been submitted to the SEC, with the review postponed until September 18.

TRUMP3.9%
BTC1.85%
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