Key facts
- Trump Media & Technology Group reported a $238 million net loss in Q2 2026.
- Unrealized losses on digital assets, pledged assets, and equity securities contributed $190.4 million to the Q2 loss.
- The company's cryptocurrency holdings fell more than 33% in the first half of 2026.
- Trump Media held 9,477 BTC as of June 30, with some pledged as collateral.
- By July 31, the company's direct Bitcoin holdings increased to 14,139 BTC.
- Trump Media is revamping its crypto treasury strategy to manage volatility and focus on its core media business.
Trump Media & Technology Group (DJT) reported a significant $238 million net loss for the second quarter of 2026, a substantial increase from the $20 million loss in the prior year. The majority of this loss, approximately $190.4 million, stemmed from non-cash charges related to unrealized losses on digital assets, pledged digital assets, and equity securities. The company's cryptocurrency holdings, including Bitcoin and Cronos, experienced a decline of over 33% in value during the first half of the year.
As of June 30, Trump Media held 9,477 Bitcoin, with portions pledged as collateral for convertible notes and an options strategy. By July 31, the company had increased its direct Bitcoin holdings to 14,139 BTC, valued at $890.5 million, following the sale of Bitcoin-related securities. This strategic shift aims to manage crypto volatility and redirect resources toward its core media businesses, such as Truth Social.
In parallel, Trump Media, along with Crypto.com and Yorkville Acquisition, mutually terminated plans for a joint venture and ETF servicing partnership, citing market conditions and evolving business priorities. The company also flagged counterparty credit risks associated with its yield-generating arrangements for digital assets.