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