Trump Media posts $238 million second-quarter loss as crypto declines
TMTG said it has signed more than 10 customer agreements for Truth API, the service offering faster access to President Donald Trump's posts.
Trump Media & Technology Group reported a $238.1 million net loss for the second quarter. According to Variety, the company generated $1.7 million in sales for the period.
The company's bitcoin holdings decreased during the second quarter. CoinDesk reported that Trump Media held 9,477.16 bitcoin with a fair value of $557.1 million as of June 30, down from 9,542.16 BTC at the end of March. The fair value of its Crypto.com-linked cronos holdings fell to $40.6 million from $68 million at the end of 2025.
Some of the company's bitcoin was tied up as collateral. CoinDesk stated that 4,260.73 BTC was pledged against convertible notes and another 2,077.34 BTC was pledged for its bitcoin options strategy as of June 30. Donald Trump is the largest shareholder in TMTG, holding more than 40% of its shares through a revocable trust, according to Variety, citing a Bloomberg report.
Trump Media also has signed more than 10 customer agreements for Truth API, a service offering faster access to Donald Trump's posts, as reported by CNBC.
Brief written by urgent.news from CNBC, CNBC Technology, CoinDesk, Variety, Cointelegraph — 5 reports on this story. Machine-written — it may contain errors, so check the original before relying on it.
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