Overview
- Truth+ rolled out its beta worldwide on July 7 with apps now live for iOS, Android, web, Apple TV, Android TV, Amazon Fire and Roku, and availability on LG and Samsung smart TVs pending approval.
- The service operates on private servers and a proprietary software stack designed to make its content “uncancelable” by Big Tech.
- Trump Media and Technology Group reported $821,000 in revenue for Q1 2025, a $32 million loss and 359,000 daily active users in May, up 106 percent year-over-year.
- The company authorized a $400 million share buyback and raised $2.3 billion via convertible notes and equity offerings to establish a dedicated Bitcoin treasury.
- Under its Truth.Fi arm, Trump Media filed an SEC registration for a Bitcoin-Ethereum ETF with Crypto.com as custodian and has plans for additional crypto ETFs and separately managed accounts.