According to Odaily Planet Daily, Truth Social's parent company, Trump Media, reported a net loss of $20 million in Q2, with its stock price falling 3.8%. Approximately $15 million of this loss was in legal fees related to the SPAC merger. The company purchased $2 billion in Bitcoin in July, currently the fifth-largest publicly traded Bitcoin holder globally. It also plans to launch a utility token tied to Truth Social and Truth+. Furthermore, its digital asset ETF proposal has been submitted to the SEC, with review extended to September 18. (The Block)