Trump Media posts $238.1 million second-quarter loss as crypto markdowns weigh

Trump Media & Technology Group reported a $238.1 million net loss for the second quarter ended June 30, 2026, driven largely by markdowns on its Bitcoin and CRO positions and taking first-half digital asset-related losses to about $360.6 million. Revenue rose 89% year over year to about $1.67 million, primarily from Truth Social advertising, but the company remained unprofitable and said it had $215 million in cash, underscoring limited operational scale in its core business and how strongly reported results remain tied to crypto-market swings. The filing came days after Trump Media, Crypto.com and Yorkville Acquisition Corp. mutually terminated a proposed $6.42 billion CRO treasury company on Aug. 7, along with a related ETF-servicing agreement and plans to integrate Crypto.com-powered prediction markets directly into Truth Social. Even so, Trump Media said it retained major digital-asset holdings, including roughly 9,542 BTC and about 756 million CRO tokens as of June 30, while also shifting more of its near-term growth narrative toward Truth API and other operating businesses.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.