Trump Media's latest SEC filing outlines plans for a Truth token and digital wallet, enhancing its digital asset ecosystem amid a $20 million net loss.
Trump Media has announced plans to launch a Truth-branded utility token and digital wallet, part of a rewards program linked to its streaming service, according to an SEC filing. The company holds $2 billion in Bitcoin and aims to expand its digital asset ecosystem. Despite a $20 million net loss, it reported a positive operating cash flow of $2.3 million, driven by its crypto strategy. CEO Devin Nunes highlights these efforts as a response to financial censorship by traditional institutions.