TMTG Ditches Crypto, Shifts Focus to Monetizing Truth Social
Trump Media & Technology Group (TMTG), parent of Truth Social, has retreated from its cryptocurrency investments after suffering significant losses. The company lost $360.6 million in digital assets in early 2026.
The bulk of this loss, $238.1 million, occurred in the second quarter due to markdowns on Bitcoin and CRO tokens, which are now worth less than before.
TMTG has ended its partnership with CRO token and is shifting focus under new interim CEO Kevin McGurn to monetize Truth Social through paid features.