Company: DJTWW
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001140361-25-028418
Chunk: 237

Company: Trump Media & Technology Group Corp.
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 8
Chunk 237
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 risks, including risk associated with bitcoin

      Our bitcoin strategy exposes us to various risks, including the following:

      Bitcoin is a highly volatile asset. Bitcoin is a highly volatile asset that has traded below $50,000 per bitcoin and
        above $120,000 per bitcoin in the past 12 months. The trading price of bitcoin significantly decreased during prior periods, and such declines may occur again in the future.

      Bitcoin does not inherently pay interest or dividends. Bitcoin does not inherently pay interest or other returns and
        we can only generate cash from our bitcoin holdings if we sell our bitcoin or implement strategies to create income streams or otherwise generate cash by using our bitcoin holdings. Even if we pursue any such strategies, we may be unable to create
        income streams or otherwise generate cash from our bitcoin holdings, and any such strategies may subject us to additional risks.

      Our bitcoin holdings may significantly impact our financial results and the market price of our listed securities. Our
        bitcoin holdings are expected to impact our financial results and the market price of our listed securities. See “Risks Related to Our Bitcoin Strategy and Holdings—Our historical financial statements do not reflect the potential variability in
        earnings that we may experience in the future relating to our bitcoin holdings.”

      Our assets will be concentrated in bitcoin. We expect that a large portion of our assets will be concentrated in our
        bitcoin holdings. The concentration of our assets in bitcoin limits our ability to mitigate risk that could otherwise be achieved by holding a more diversified portfolio of treasury assets.

      We will purchase bitcoin using primarily proceeds from equity and debt financings. Our ability to achieve the
        objectives of our bitcoin strategy depends in significant part on our ability to obtain equity and debt financing. If we are unable to obtain equity or debt financing on favorable terms or at all, we may not be able to successfully execute on our
        bitcoin strategy.

        45

      Our bitcoin strategy has not been tested over an extended period of time or under different market conditions. We are
        continually examining the risks and rewards of our strategy to acquire and hold bitcoin. This strategy has not been tested over an extended period of time or under different market conditions. For example, although we believe bitcoin, due to its
        limited supply, has the potential to serve as a hedge against inflation in the long term, the short-term price of bitcoin declined in recent periods during which the inflation rate increased. If bitcoin prices were to decline or our bitcoin
        strategy otherwise proves unsuccessful, our financial condition,