Trump Media Holds $598M in Crypto, but Losses Keep Growing

Wait 5 sec.

TLDRTrump Media reported a $238.1 million net loss for the second quarter.The company recorded $360.6 million in digital asset-related losses during the first half of 2026.Trump Media’s crypto holdings fell to a fair value of $597.7 million as of June 30.The company held 9,477.16 BTC worth $557.1 million and 756.1 million Cronos tokens worth $40.6 million.Trump Media transferred 2,628 BTC worth about $165 million to Crypto.com but said the Bitcoin was not sold.Trump Media & Technology Group reported a $238.1 million net loss for the second quarter as weakness in its digital asset portfolio weighed on results. Trump Media also recorded $360.6 million in unrealized and related digital asset losses during the first half of 2026, according to an SEC filing released Monday.The filing also showed a broad drop in the value of its crypto treasury during the period. BitcoinTreasuries ranked the company as the 12th-largest public Bitcoin treasury based on its reported holdings at the end of June 2026.Trump Media Records Heavy Digital Asset LossesThe company reported $245.4 million in unrealized losses on digital assets for the six months ended June 30. It also posted a $55.5 million loss tied to the reacquisition of pledged digital assets during the same period.Trump Media recorded another $52.2 million loss from derecognition and a $7.4 million unrealized loss on pledged assets. These figures pushed total digital asset-related losses to $360.6 million for the first half.Trump Media held digital assets with a fair value of $597.7 million as of June 30. That total fell from $904.4 million at the end of 2025.The company held 9,477.16 Bitcoin worth $557.1 million and 756.1 million Cronos tokens worth $40.6 million. Its Bitcoin holdings dropped by 65 BTC, while the value of its Cronos position also declined.Crypto.com Transfers and Treasury PositionThe filing followed two transactions in which Trump Media moved a combined 2,628 BTC to Crypto.com. The Bitcoin was worth about $165 million at the time of the transfers.A company spokesperson said Trump Media moved the Bitcoin but did not sell it. As of June 30, 4,260.73 BTC backed convertible notes, while 2,077.34 BTC supported the company’s Bitcoin options strategy.Trump Media reported $1.7 million in second-quarter revenue, up 89% from a year earlier. Advertising services on Truth Social generated most of the revenue during the quarter.The company also ended its partnership with Crypto.com last week. The two firms cited market conditions and changing business priorities. Trump Media shares closed Monday at $9.39, down 8%, according to TradingView.The post Trump Media Holds $598M in Crypto, but Losses Keep Growing appeared first on Blockonomi.