Briefly
- Trump Media reported a $238 million second-quarter loss, up from $20 million a yr earlier.
- Non-cash losses involving digital belongings, pledged belongings, and equities topped $190 million.
- Its Bitcoin and Cronos holdings misplaced greater than 33% of their worth throughout the first half.
Falling cryptocurrency costs took a heavy toll on Trump Media & Expertise Group throughout the second quarter, saddling the Fact Social guardian firm with a $238 million web loss—a steep improve from the $20 million it misplaced a yr earlier.
In its second-quarter earnings report, Trump Media mentioned the “huge bulk” of the loss got here from non-cash expenses slightly than cash spent or belongings offered. These included greater than $190 million in unrealized losses throughout digital belongings, pledged digital belongings, and fairness securities.
“As a part of administration’s efforts to streamline TMTG’s strategic imaginative and prescient and focus sources on development initiatives, the Firm has considerably resolved its legacy authorized issues,” Trump Media wrote, including that it expects authorized bills to fall considerably, releasing up sources for development.
The report didn’t disclose how a lot of that quarterly hit got here from Bitcoin alone.
The harm prolonged throughout the primary half of 2026. In response to a June SEC submitting, Trump Media recorded about $361 million in digital asset-related losses throughout the six months ended June 30.
That determine included greater than $245 million in unrealized crypto losses and greater than $7 million in unrealized losses on pledged belongings. One other $56 million got here from reacquiring pledged belongings, whereas greater than $52 million resulted from derecognizing belongings.
Trump Media’s crypto holdings fell greater than 33% to $598 million by June 30, together with $558 million in Bitcoin and $41 million in Crypto.com’s native token Cronos. Quarterly income, nonetheless, rose 89% to almost $2 million, whereas whole belongings stood at $2 billion.
The corporate mentioned it’s adopting a “extra disciplined” digital asset treasury technique to handle crypto volatility.
The information comes as Trump Media pulls again from components of its crypto growth.
Simply final week, Trump Media deserted plans for a Crypto.com-backed CRO treasury firm and ended a broader digital asset settlement with the change. The businesses cited market circumstances and shifting enterprise priorities.
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