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Trump Media has lost like this. The Q3 financial report shows a net loss of 54.8 million USD, and the key issue is that the 200 million USD investment in Bitcoin made last July is now facing unrealized losses of 48 million — at that time BTC was at 118,000, now it has fallen to 102,000. What's even more heartbreaking is that the company's quarterly revenue was only 972,900 USD, while legal fees were 20.3 million (thanks to the SPAC merger). The stock price of DJT has dropped to 12.70 USD, a new low in a year. This operation really misread the market.