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Posted by
Two Blokes May 28, 2025 -
Filed in
Stock
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6 views
Trump Media's $2.5B stock and bond sale to fund a Bitcoin treasury is highly dilutive and does little to address its tiny revenue base. Despite flashy crypto moves, the company remains deeply unprofitable, with Q1 revenues under $1 million and ongoing cash burn. Valuation is extremely stretched, trading at over 1,800 times annual sales, far above industry peers like Meta and Rumble.
