Despite a substantial Bitcoin reserve worth over $1.5 billion, Trump Media and Technology Group (DJT) reported a third consecutive quarterly loss of $54.8 million. The media company, founded by former U.S. President Donald Trump, attributed the losses partly to hefty legal expenses stemming from its long-duration merger with a special purpose acquisition company. DJT also faced significant non-cash losses tied to changes in the fair value of its crypto assets, unrealized gains on securities and options, stock compensation, and depreciation. However, the company highlighted positive bitcoin income, earning $15.3 million in option premiums during the quarter. Trump Media holds approximately 15,000 Bitcoin valued at about $1.5 billion, a significant part of its overall asset base which includes cash, short-term investments, and trading securities, totaling roughly $3.1 billion. Despite these losses, the company remains optimistic about acquiring new assets through strategic mergers and acquisitions. This comes as Trump Media shares dropped over 3%, extending a decline over the past month and more than 62% for the year, reflecting skepticism from investors regarding profitability and digital asset risks. Trump Media’s continued focus on crypto investments is part of a broader initiative by Donald Trump and his family members who have invested in various cryptocurrency-related ventures, with the family estimated to have earned over $1 billion from these ventures to date.