Companies

Truth Social Reports First Positive Operating Cash Flow, $3 Billion in Assets

The company touts its first positive cash flow and a $2 billion bitcoin trove as it vows to expand through M&A and help advance an ‘America‑First agenda.’
Truth Social Reports First Positive Operating Cash Flow, $3 Billion in Assets
This illustration photo shows a person checking the app store on a smartphone for Truth Social with a photo of former President Donald Trump on a computer screen in the background, in Los Angeles, Oct. 20, 2021. Chris Delmas/AFP via Getty Images
Tom Ozimek
Tom Ozimek
Reporter
|Updated:
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Trump Media and Technology Group, the parent company of Truth Social, said on Aug. 1 it ended the second quarter with $3.1 billion in financial assets and posted its first quarter of positive operating cash flow as the company ramps up its cryptocurrency strategy.

The company, which went public last year, reported cash flow from operations of $2.3 million for the quarter ended June 30, according to a Securities and Exchange Commission (SEC) filing disclosed Friday.
Tom Ozimek
Tom Ozimek
Reporter
Tom Ozimek is a senior reporter for The Epoch Times. He has a broad background in journalism, deposit insurance, marketing and communications, and adult education.
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