{
  "id": 507435,
  "title": "Trump Media posts $238 million second-quarter loss as crypto declines",
  "url": "https://urgent.news/2026/08/10/trump-media-posts-238-million-second-quarter-loss-as-crypto-declines-507435",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-10T22:15:05.000Z",
  "source": {
    "name": "CNBC",
    "slug": "cnbc",
    "url": "https://www.cnbc.com/2026/08/10/trump-media-djt-tmtg-earnings-truth-social-crypto.html"
  },
  "original_language": "en",
  "account": null,
  "summary": "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.\n\nThe 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.\n\nSome 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.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 6,
    "also_reported_by": [
      {
        "outlet": "CoinDesk",
        "title": "Trump Media’s bitcoin holdings shrink as crypto losses hit $361 million",
        "url": "https://urgent.news/2026/08/10/trump-medias-bitcoin-holdings-shrink-as-crypto-losses-hit-361-million",
        "published": "2026-08-10T21:12:07.000Z"
      },
      {
        "outlet": "CNBC Technology",
        "title": "Trump Media posts $238 million second-quarter loss as crypto declines",
        "url": "https://urgent.news/2026/08/10/trump-media-posts-238-million-second-quarter-loss-as-crypto-declines",
        "published": "2026-08-10T21:48:14.000Z"
      },
      {
        "outlet": "Financial Times",
        "title": "Trump media group racks up losses and pushes into nuclear fusion",
        "url": "https://urgent.news/2026/08/10/trump-media-group-racks-up-losses-and-pushes-into-nuclear-fusion",
        "published": "2026-08-10T22:10:01.000Z"
      },
      {
        "outlet": "Financial Post",
        "title": "Trump Media Losses Hit $238 Million as Firm Pivots to Fast Feeds",
        "url": "https://urgent.news/2026/08/10/trump-media-losses-hit-238-million-as-firm-pivots-to-fast-feeds",
        "published": "2026-08-10T23:03:15.000Z"
      },
      {
        "outlet": "BBC Business",
        "title": "Trump Media reports $238m loss as crypto falls",
        "url": "https://urgent.news/2026/08/11/trump-media-reports-238m-loss-as-crypto-falls",
        "published": "2026-08-11T01:12:11.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}