Trump Media has reported a $54.8 million net loss for the third quarter, marking its third consecutive quarterly deficit. The financial strain stems from expanding crypto investments and legal costs related to a lengthy SPAC merger. Despite this setback, Trump Media is forging ahead with bitcoin-related ventures, including new partnerships and potential acquisitions in the digital asset space. 20% of the company’s $3.1 billion assets are tied to Bitcoin. The firm is currently developing Truth Predict, a betting market powered by Crypto.com, and integrating CRO rewards into its Truth Social platform. The decline follows DJT shares dropping over 3% following the announcement, reflecting investor concerns about the company’s mounting expenses and market volatility.