Trump Media Rethinks Crypto Treasury After $238 Million Q2 Loss
Trump Media & Technology Group, the operator of Truth Social and a company closely associated with U.S. President Donald Trump, has expanded beyond its social-media business by placing bitcoin and other digital assets on its balance sheet. The move has made the company’s financial results increasingly sensitive to crypto-market swings, adding valuation risk to a business already under scrutiny for its operating performance and evolving treasury strategy.
TMTG reported a second-quarter net loss of $238.1 million, more than 10 times the year-earlier deficit, largely reflecting unrealized markdowns on digital assets as cryptocurrency prices declined. Crypto-related losses totaled about $360 million for the first half. As of June 30, the company held 9,477.16 bitcoin with a fair value of roughly $557.1 million. It is now preparing to revamp its crypto treasury strategy following the quarterly loss.
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The history behind this eventTrump Media's First-Quarter Loss Widens to $406 Million as Bitcoin, CRO Holdings Lose Value
Trump Media & Technology Group (NASDAQ: DJT), which operates Truth Social, has allocated substantial funds to bitcoin and Crypto.com's CRO. The strategy leaves its financial results reflecting not only its core media business but also significant exposure to crypto price swings, putting the risks tied to its holdings and the movement of funds in focus for investors.
Trump Media reported a net loss of $405.9 million for the first quarter of 2026, including $244 million in unrealized losses on its cryptocurrency holdings. As of March 31, the company held more than 9,542 bitcoin and 756 million CRO. It also recently transferred about $205 million in bitcoin to exchanges.
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