Trump Media Reports $238 Million Quarterly Loss Amid Strategic Shift
Trump Media & Technology, the company behind Truth Social, reported a staggering $238 million loss in the second quarter. This decline is attributed to the falling price of Bitcoin and legal costs from mergers. The company plans to refocus on social media after exploring ventures in online betting and cryptocurrency.
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Trump Media’s Crypto Bet Fuels Massive $238M Quarterly Loss
Falling digital asset values battered the Truth Social parent’s balance sheet, contributing to about $361 million in crypto-related losses during the first half of 2026.
Trump’s media and crypto firm just posted a $238 million quarterly loss—here’s where those losses came from
The decline in Bitcoin’s price and merger-related legal costs hurt results, prompting a push into new businesses.
Trump Media records $360.6 million unrealized loss on digital assets in first half of the year
Trump Media recorded a $360.6M unrealized digital-asset loss in H1. Its directly held BTC and CRO were worth $597.7M at June 30.
Losses balloon at Trump Media, the company behind Truth Social
Losses at the company behind Donald Trump's social media platform Truth Social have ballooned, new figures reveal. FILE PHOTO: The Truth social network logo is seen displayed behind a woman holding a smartphone in this picture illustration taken February 21, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
Trump Media to revamp crypto treasury strategy after $238M Q2 loss
Trump Media says it will take a more disciplined approach to its crypto treasury while directing more resources toward its core media business.
Trump’s media company, which also owns Truth Social, reports $238m loss
Company also announced a paid service for early access to president’s posts on policies to the social media site Donald Trump’s media company – which owns the Truth Social platform favored by the US president – posted a $238m loss in the second quarter. Trump Media Technology on Monday reported that losses in the three months through June came as the company branched into new ventures including crypto. The company’s new chief executive, Kevin McGurn, announced at a conference call about the earnings that after a yearlong effort to expand into online betting and crypto, the company would be refocusing on social media. Continue reading...