BTW, Trump Media CTO is Vladimir Novachki, a Macedonian who is in the US on H-1B visa requested by Trump. He already cashed in more than $1.25M and has shares valued about $5M at current stock price.
www.propublica.org -



Trump Media Stock Crashing Hard... Donald Trump's social network, Truth Social, is on life support.

Whoever wrote this doesn't understand financial 'anatomy of the scam' - stock is crashing not because company is "losing money" or is "unlikely to make a profit" but because the value of the stock is tied to the value of crypto bought with invested and/or borrowed cash. But with more than $150M in cash + $2.5B in [crypto] assets it will take a long time to die even as crypto keeps crashing, so company is dying all right, but is hardly "on life support" yet - still years and a lot of money to burn / drain from people who think they invested in a rising brand.

That's what "Bitcoin/crypto treasury" companies are all about - they are 'zombie stocks' that speculate on mix of crypto 'coins' to rise in price. Paying attention to their "losses" is missing the point of "enterprise."

Same with Trump's Son #1 and Son #2 companies, like American Bitcoin (ABTC), Dominari Financial/Securities/Holdings (DOMH) etc.

Eric Trump, freshly-minted crypto evangelist, is pushing crypto hard because that's their newest scam and their income and wealth depend on higher values of major crypto 'projects' like Bitcoin and Ethereum as well as their own alt-coins like $WLF:

finance.yahoo.com -
|------- "It's the greatest hedge against inflation ... against corruption ... against poorly managed monetary systems around the world. That's why you see this global influx into bitcoin. It's probably become the greatest asset of our time" - Eric Trump at Yahoo Finance's Invest event.

Trump has made no secret of his big bet on cryptocurrency. Alongside his brother Donald Jr., he co-founded American Bitcoin (ABTC), a crypto mining firm that went public in September and now sports a market value of roughly $4 billion. ...
-------|

Eric also has a tin ear:
www.mediaite.com - 'Out of Touch': Eric Trump Roundly Mocked for Comment About Drinking Wine and Trading $500 Million in Bitcoin - 2025-11-13

These public companies are intended for chumps who think Trumps are their ticket to riches and can somehow affect the value of "crypto treasury" company instead of mostly tracking the value of crypto holdings and shareholders' cash being drained by them. **
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** The most shady shenanigans are through non-public company World Liberty Financial Inc (WLFI) which issues its own alt-coin $WLFI:
www.youtube.com - Trump pardon of billionaire (Changpeng Zhao / Binance) sparks concerns (60 Minutes video: 14min)

Zhao is now citizen of UAE. Despite being the largest crypto exchange, the location of Binance HQ is unknown, after being kicked out of China, Japan, Singapore and UK.

Justin Sun, owner of BitTorrent and founder of TRON blockchain and TRX crypto and USDD stablecoin, provided initial outside stake of $75M in WLFI in 2024, and has bought more since. In February 2025, SEC has suddenly dropped lawsuit brought against Sun for illegal sale, fraud and market manipulation of unregistered securities.

How crypto laundromats work:

www.icij.org - Crypto giants moved billions linked to money launderers, drug traffickers and North Korean hackers - 2025-11-17

www.icij.org - From Dubai to Toronto, inside the crypto-to-cash storefronts fueling money laundering's new frontier - 2025-11-17

www.icij.org - The Russian crypto guru's Hollywood gambit - 2025-11-17

www.icij.org - From trading bans to total embrace, a global guide to crypto regulation | Governments are struggling to rein in a volatile industry worth more than $3 trillion - 2025-11-17

www.icij.org - Kyrrex exploited technology and shell companies while serving suspected fraudsters and pro-Russian military activists - 2025-11-20
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