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Trump Media stock drops 4% as company shifts away from bitcoin strategy after heavy losses

Market News
17 Aug 2026
24/7 Wall Street
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Bearish
Trump Media stock drops 4% as company shifts away from bitcoin strategy after heavy losses

Trump Media & Technology Group's stock fell 4% following its decision to abandon its bitcoin treasury strategy after nearly $200 million in crypto losses. The company is refocusing on its media and advertising business, including Truth Social and an acquisition of TAE Technologies, a nuclear fusion firm. This pivot comes amid a steep decline in bitcoin prices, which heavily impacted Trump Media's financials, including a $238 million net loss last quarter. Investors will watch how the company executes this new strategy and manages its remaining bitcoin holdings.

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Trump Media stock falls 4% amid ongoing regulatory probe into its Truth API product.

Trump Media stock falls 4% amid ongoing regulatory probe into its Truth API product.

Trump Media & Technology Group, the parent company of Truth Social, saw its stock drop 4% to $6.36 due to ongoing regulatory investigations into its Truth API, a product that sells faster access to trending posts. This scrutiny creates uncertainty ar...

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