Trump Media posts $238M Q2 loss mainly from crypto and securities devaluation, shifts focus to Truth Social.

Trump Media reported a $238 million net loss in Q2 2026, driven largely by $190.4 million in unrealized losses on its cryptocurrency and securities holdings. The company’s Bitcoin holdings decreased slightly to 9,477 BTC valued at $557 million by June 30, with significant value drops in Cronos tokens as well. A planned merger with Crypto.com and Yorkville Acquisition was mutually terminated due to changing market conditions. In July, Trump Media expanded its Bitcoin position to over 14,000 BTC worth about $890 million, while planning to restructure its crypto strategy and increase investment in its Truth Social platform and media operations.